Belo Sun Mining (TSE:BSX) Reaches New 52-Week High – Time to Buy?

Belo Sun Mining Corp (TSE:BSX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06, with a volume of 1530 shares traded. The stock had previously closed at C$0.05.

Belo Sun Mining Price Performance

The stock has a market cap of C$25.03 million, a P/E ratio of -2.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The business has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01.

Belo Sun Mining (TSE:BSX) last announced its earnings results on Tuesday, August 6th. The company reported C($0.01) EPS for the quarter. On average, analysts forecast that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

Belo Sun Mining Company Profile

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.