Belo Sun Mining (TSE:BSX) Stock Falls 0.8% – Should You Sell?

Shares of Belo Sun Mining Corp (TSE:BSX) dropped 0.8% during mid-day trading on Wednesday. The company traded as low as C$1.16 and last traded at C$1.19. Approximately 729,391 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 781,311 shares. The stock had previously closed at C$1.20.

Belo Sun Mining Stock Down 0.8%

The stock has a 50-day moving average of C$1.29 and a 200 day moving average of C$1.23. The company has a market capitalization of C$670.52 million, a PE ratio of -59.00, a P/E/G ratio of -0.33 and a beta of 2.48. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Belo Sun Mining (TSE:BSX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts anticipate that Belo Sun Mining Corp will post -0.01 EPS for the current year.

Insider Transactions at Belo Sun Mining

In other news, Director Clovis Torres Junior sold 120,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$1.59, for a total value of C$190,800.00. Also, insider Kenny Choi sold 50,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$1.56, for a total value of C$78,000.00. Following the sale, the insider owned 50,000 shares in the company, valued at approximately C$78,000. The trade was a 50.00% decrease in their ownership of the stock. 3.08% of the stock is owned by company insiders.

Belo Sun Mining Company Profile

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.