Belo Sun Mining (TSE:BSX) Hits New 52-Week High – Time to Buy?

Belo Sun Mining Corp (TSE:BSX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.74 and last traded at C$0.73, with a volume of 621449 shares. The stock had previously closed at C$0.70.

Belo Sun Mining Stock Performance

The company’s 50-day simple moving average is C$0.48 and its 200 day simple moving average is C$0.36. The stock has a market cap of C$343.67 million, a P/E ratio of -36.50, a PEG ratio of -0.33 and a beta of 0.98. 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 posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. As a group, sell-side analysts expect that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Belo Sun Mining

In related news, insider La Mancha Investments S.À R.L. bought 119,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the purchase, the insider directly owned 88,322,807 shares in the company, valued at C$28,263,298.24. The trade was a 0.13% increase in their ownership of the stock. Also, insider La Mancha Capital Management Gp purchased 119,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were bought at an average price of C$0.32 per share, with a total value of C$38,080.00. Following the purchase, the insider owned 88,322,807 shares in the company, valued at C$28,263,298.24. The trade was a 0.13% increase in their ownership of the stock. Insiders have purchased a total of 507,000 shares of company stock worth $162,240 over the last three months. 3.08% of the stock is currently owned by insiders.

About Belo Sun Mining

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.