Belo Sun Mining (TSE:BSX) Shares Up 48.2% – Here’s Why

Belo Sun Mining Corp (TSE:BSX)’s stock price shot up 48.2% on Tuesday . The stock traded as high as C$0.95 and last traded at C$0.83. 3,728,474 shares were traded during trading, an increase of 393% from the average session volume of 755,650 shares. The stock had previously closed at C$0.56.

Belo Sun Mining Stock Up 76.8%

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04. The firm has a market capitalization of C$466.08 million, a price-to-earnings ratio of -49.50, a price-to-earnings-growth ratio of -0.33 and a beta of 1.32. The firm’s 50-day moving average price is C$0.60 and its 200 day moving average price is C$0.42.

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.