Belmont Resources (CVE:BEA) Trading Down 25% – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report)’s stock price fell 25% on Saturday . The stock traded as low as C$0.04 and last traded at C$0.05. 588,303 shares traded hands during trading, an increase of 326% from the average session volume of 137,998 shares. The stock had previously closed at C$0.06.

Belmont Resources Stock Down 25.0%

The business’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a market capitalization of C$5.96 million, a P/E ratio of -4.50 and a beta of 0.18.

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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