Belo Sun Mining (TSE:BSX) Shares Down 0.8% – Here’s Why

Belo Sun Mining Corp (TSE:BSX) dropped 0.8% during mid-day trading on Wednesday. The company traded as low as C$1.16 and last traded at C$1.19. Approximately 729,391 shares traded hands during trading, a decline of 7% from the average daily volume of 781,311 shares. The stock had previously closed at C$1.20.

Belo Sun Mining Stock Down 0.8%

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 company has a market cap of C$676.20 million, a price-to-earnings ratio of -59.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.48. The stock’s fifty day moving average is C$1.28 and its two-hundred day moving average is C$1.23.

Belo Sun Mining (TSE:BSX) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Sell-side analysts predict that Belo Sun Mining Corp will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Belo Sun Mining news, Director Clovis Torres Junior sold 120,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$1.59, for a total transaction of C$190,800.00. Also, insider Kenny Choi sold 50,000 shares of Belo Sun Mining stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$1.56, for a total transaction of C$78,000.00. Following the transaction, the insider directly owned 50,000 shares in the company, valued at C$78,000. This represents a 50.00% decrease in their ownership of the stock. Corporate insiders own 3.08% of the company’s stock.

About Belo Sun Mining

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.