Belo Sun Mining (TSE:BSX) Trading 14.9% Higher – Time to Buy?

Belo Sun Mining Corp (TSE:BSX) shares shot up 14.9% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.27. 666,048 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 717,692 shares. The stock had previously closed at C$0.24.

Belo Sun Mining Trading Down 4.3 %

The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$102.39 million, a price-to-earnings ratio of -11.25, a PEG ratio of -0.33 and a beta of 2.24. The company’s 50-day moving average is C$0.11 and its 200-day moving average is C$0.07.

Insider Activity at Belo Sun Mining

In related news, Director Mark Price Eaton sold 298,500 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of C$0.25, for a total transaction of C$73,878.75. Also, insider La Mancha Capital Management GP bought 256,230 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of C$0.21 per share, with a total value of C$54,628.24. 3.08% of the stock is currently owned by insiders.

About Belo Sun Mining

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.