Belo Sun Mining (TSE:BSX) Stock Price Down 34.7% – Time to Sell?

Belo Sun Mining Corp (TSE:BSX)’s stock price fell 34.7% during trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.47. 4,661,593 shares were traded during mid-day trading, an increase of 406% from the average session volume of 921,306 shares. The stock had previously closed at C$0.72.

Belo Sun Mining Trading Down 26.4%

The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$249.52 million, a price-to-earnings ratio of -26.50, a price-to-earnings-growth ratio of -0.33 and a beta of 0.98. The business has a 50 day simple moving average of C$0.50 and a 200-day simple moving average of C$0.37.

Belo Sun Mining (TSE:BSX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. On average, equities analysts predict that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Belo Sun Mining

In other news, insider La Mancha Capital Management Gp bought 119,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of C$0.32 per share, with a total value of C$38,080.00. Following the transaction, the insider owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. This represents a 0.13% increase in their position. Also, insider Yousriya Loza purchased 119,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of C$0.32 per share, with a total value of C$38,080.00. Following the transaction, the insider owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. This trade represents a 0.13% increase in their position. Insiders have purchased a total of 507,000 shares of company stock worth $162,240 in the last quarter. 3.08% of the stock is owned by insiders.

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.