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

Shares of Belmont Resources Inc. (CVE:BEAGet Free Report) were down 28.6% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 915,305 shares traded hands during trading, an increase of 1,041% from the average daily volume of 80,210 shares. The stock had previously closed at C$0.04.

Belmont Resources Trading Down 28.6%

The firm has a market capitalization 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 moving average of C$0.04 and a 200-day moving average of C$0.04.

About Belmont Resources

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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.

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