Belmont Resources (CVE:BEA) Stock Price Down 28.6% – Here’s Why

Belmont Resources Inc. (CVE:BEA)’s share price traded down 28.6% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 915,305 shares changed 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 Performance

The stock has a market capitalization of C$3.31 million, a P/E ratio of -2.50 and a beta of 0.91. The business has a fifty 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.