Belo Sun Mining (TSE:BSX) Shares Down 22.2% – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s share price fell 22.2% during mid-day trading on Thursday . The stock traded as low as C$0.40 and last traded at C$0.56. 6,299,879 shares traded hands during trading, an increase of 479% from the average session volume of 1,088,284 shares. The stock had previously closed at C$0.72.

Belo Sun Mining Stock Performance

The company’s 50-day moving average price is C$0.50 and its two-hundred day moving average price is C$0.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52. The stock has a market cap of C$263.64 million, a PE ratio of -28.00, a PEG ratio of -0.33 and a beta of 0.98.

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

Insiders Place Their Bets

In other Belo Sun Mining news, insider Yousriya Loza bought 119,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of C$0.32 per share, for a total transaction of C$38,080.00. Following the transaction, the insider directly owned 88,322,807 shares in the company, valued at C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Also, insider La Mancha Capital Management Gp purchased 119,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was acquired at an average cost of C$0.32 per share, with a total value of C$38,080.00. Following the completion of the purchase, the insider directly owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. The trade was a 0.13% increase in their ownership of the stock. Over the last ninety days, insiders have acquired 507,000 shares of company stock valued at $162,240. 3.08% of the stock is currently owned by corporate 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.