Belo Sun Mining (TSE:BSX) Trading Down 34.7% – Time to Sell?

Belo Sun Mining Corp (TSE:BSX)’s stock price traded down 34.7% on Thursday . The stock traded as low as C$0.40 and last traded at C$0.47. 4,661,593 shares changed hands during trading, an increase of 406% from the average session volume of 921,306 shares. The stock had previously closed at C$0.72.

Belo Sun Mining Trading Down 26.4%

The business’s fifty day moving average is C$0.50 and its 200-day moving average is C$0.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52. The firm has a market cap of C$249.52 million, a P/E ratio of -26.50, a price-to-earnings-growth ratio of -0.33 and a beta of 0.98.

Belo Sun Mining (TSE:BSX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share (EPS) for the quarter. Analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current year.

Insider Activity at Belo Sun Mining

In related news, insider La Mancha Capital Management Gp bought 119,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of C$0.32 per share, with a total value of C$38,080.00. Following the transaction, the insider directly owned 88,322,807 shares in the company, valued at approximately C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Also, insider Yousriya Loza bought 119,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the acquisition, the insider directly owned 88,322,807 shares in the company, valued at approximately C$28,263,298.24. This trade represents a 0.13% increase in their position. Insiders purchased 507,000 shares of company stock worth $162,240 over the last three months. Company insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

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.