Belmont Resources (CVE:BEA) Shares Down 25% – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report)’s share price traded down 25% on Saturday . The company traded as low as C$0.04 and last traded at C$0.05. 588,303 shares were traded during trading, an increase of 326% from the average session volume of 137,998 shares. The stock had previously closed at C$0.06.

Belmont Resources Price Performance

The firm’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The stock has a market cap of C$5.96 million, a P/E ratio of -4.50 and a beta of 0.18.

Belmont Resources Company Profile

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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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