Belo Sun Mining (TSE:BSX) Shares Down 2.8% – What’s Next?

Shares of Belo Sun Mining Corp (TSE:BSX) dropped 2.8% during mid-day trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 29,900 shares traded hands during trading, a decline of 94% from the average daily volume of 465,128 shares. The stock had previously closed at C$0.18.

Belo Sun Mining Trading Down 2.8 %

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 50 day moving average of C$0.19 and a 200 day moving average of C$0.10. The stock has a market capitalization of C$79.64 million, a price-to-earnings ratio of -8.75, a P/E/G ratio of -0.33 and a beta of 2.24.

Insider Buying and Selling at Belo Sun Mining

In other Belo Sun Mining news, 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 shares were purchased at an average price of C$0.21 per share, with a total value of C$54,628.24. Also, Director Mark Price Eaton sold 298,500 shares of the company’s stock in a transaction 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. 3.08% of the stock is currently owned by company insiders.

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.