Belmont Resources (CVE:BEA) Shares Down 28.6% – Time to Sell?

Belmont Resources Inc. (CVE:BEA) traded down 28.6% during trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. 915,305 shares traded hands during trading, an increase of 1,041% from the average session volume of 80,210 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Down 28.6%

The stock has a market cap of C$3.31 million, a price-to-earnings ratio of -2.50 and a beta of 0.91. The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04.

Belmont Resources Company Profile

Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada.