Belmont Resources (CVE:BEA) Stock Price Down 7.1%

Belmont Resources Inc. (CVE:BEA) fell 7.1% during trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. 153,500 shares changed hands during trading, a decline of 73% from the average session volume of 567,009 shares. The stock had previously closed at C$0.07.

The stock’s 50 day moving average price is C$0.06 and its 200 day moving average price is C$0.06. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 7.96. The company has a market cap of C$3.18 million and a price-to-earnings ratio of -7.00.

About Belmont Resources (CVE:BEA)

Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It holds a 100% interest in the Kibby Basin property with 16 claims covering an area of 2,560 acres located in Esmeralda County, Nevada. The company has an option to acquire a 100% interest in the Pathfinder Property comprising 253.34 hectares located in southern British Columbia; Athelstan property comprising 2 mineral claims covering an area of 127 hectares located in Phoenix mining camp of southern British Columbia; Pride of the West and Black Bear Claims located in the Greenwood Mining Division in southern British Columbia; and Come By Chance property comprising 21 mineral claims and 15 reverted crown granted mineral claims covering an area of approximately 527 hectares located in Phoenix mining camp of Southern British Columbia.

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