Belmont Resources (CVE:BEA) Shares Down 28.6% – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report)’s stock price dropped 28.6% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 915,305 shares traded hands during trading, an increase of 1,041% from the average daily volume of 80,210 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Performance

The firm has a market cap of C$3.31 million, a PE ratio of -2.50 and a beta of 0.91. The stock has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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.

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