Belo Sun Mining (TSE:BSX) Stock Price Up 23.9% – Here’s Why

Belo Sun Mining Corp (TSE:BSX)’s share price rose 23.9% during trading on Monday . The company traded as high as C$1.15 and last traded at C$1.14. Approximately 711,404 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 854,557 shares. The stock had previously closed at C$0.92.

Belo Sun Mining Stock Performance

The firm has a market cap of C$607.75 million, a P/E ratio of -53.50, a PEG ratio of -0.33 and a beta of 2.08. The company’s 50-day moving average is C$1.08 and its two-hundred day moving average is C$1.09. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01.

Belo Sun Mining (TSE:BSX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) EPS for the quarter. As a group, equities analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

About Belo Sun Mining

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.