Belmont Resources Inc. (CVE:BEA – Get Free Report)’s stock price dropped 11.1% on Thursday. The company traded as low as C$0.07 and last traded at C$0.08. Approximately 264,771 shares changed hands during mid-day trading, an increase of 114% from the average daily volume of 123,936 shares. The stock had previously closed at C$0.09.
Belmont Resources Trading Down 16.7%
The firm has a market capitalization of C$9.94 million, a price-to-earnings ratio of -7.50 and a beta of -2.65. The firm has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.
About Belmont Resources
Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada. It also holds interests in the Lone Star project located in Washington state; and the Kibby Basin project located in Nevada of the United States.
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