Belo Sun Mining (TSE:BSX) Stock Price Down 26.4% – Should You Sell?

Belo Sun Mining Corp (TSE:BSX)’s stock price traded down 26.4% during mid-day trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.53. 5,151,605 shares traded hands during mid-day trading, an increase of 432% from the average session volume of 968,407 shares. The stock had previously closed at C$0.72.

Belo Sun Mining Stock Down 25.0%

The business has a 50 day moving average of C$0.50 and a two-hundred day moving average of C$0.37. The stock has a market capitalization of C$254.22 million, a PE ratio of -27.00, a PEG ratio of -0.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

Belo Sun Mining (TSE:BSX) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. Analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current year.

Insider Activity at Belo Sun Mining

In other news, insider La Mancha Capital Management Gp bought 119,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was bought 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 directly owned 88,322,807 shares in the company, valued at approximately C$28,263,298.24. The trade was a 0.13% increase in their ownership of the stock. Also, insider Yousriya Loza purchased 119,000 shares of Belo Sun Mining stock in a transaction dated Wednesday, November 5th. The shares were 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 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. Insiders bought 507,000 shares of company stock valued at $162,240 over the last 90 days. 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.