Belmont Resources (CVE:BEA) Reaches New 1-Year High – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 7000 shares changing hands. The stock had previously closed at C$0.03.

Belmont Resources Stock Performance

The stock has a market cap of C$3.58 million, a price-to-earnings ratio of -7.12 and a beta of 1.12. The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02.

About Belmont Resources

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada.

Further Reading

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