Belo Sun Mining (TSE:BSX) Stock Price Down 25% – Here’s Why

Shares of Belo Sun Mining Corp (TSE:BSX) traded down 25% during trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.54. 5,946,879 shares traded hands during trading, an increase of 473% from the average session volume of 1,037,684 shares. The stock had previously closed at C$0.72.

More Belo Sun Mining News

Here are the key news stories impacting Belo Sun Mining this week:

• Neutral Sentiment: Belo Sun said it received a ruling from the Federal Court of Altamira in Pará; the company issued a statement and is assessing the ruling’s implications for its Volta Grande project and next steps. The item is factual reporting of the legal development and the company response; investors should watch for detailed court documents and the company’s follow-up disclosures for clarity. Belo Sun Mining Receives Ruling From Federal Court of Altamira, Para
• Negative Sentiment: Market coverage notes BSX shares dropped sharply (reported ~22%) after the court ruling, with traders citing increased uncertainty about permits, potential delays and legal risks for the Volta Grande project. Elevated volume suggests repositioning by investors; the near-term negative move appears driven by fear of project timeline setbacks or additional regulatory hurdles rather than new operational results. Belo Sun Mining (TSE:BSX) Shares Down 22.2% – Here’s Why

Belo Sun Mining Trading Up 16.1%

The company has a fifty day moving average of C$0.51 and a 200-day moving average of C$0.37. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of C$306.01 million, a price-to-earnings ratio of -32.50, a PEG ratio of -0.33 and a beta of 0.98.

Belo Sun Mining (TSE:BSX) last announced its earnings results on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. As a group, equities research analysts anticipate that Belo Sun Mining Corp will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Belo Sun Mining

In other Belo Sun Mining news, insider La Mancha Investments S.À R.L. bought 119,000 shares of Belo Sun Mining stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the transaction, the insider directly owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This represents a 0.13% increase in their ownership of the stock. Also, insider Yousriya Loza purchased 119,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the purchase, the insider owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This represents a 0.13% increase in their position. In the last 90 days, insiders have bought 507,000 shares of company stock worth $162,240. Corporate 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.