Insider Buying: Belo Sun Mining (TSE:BSX) Insider Buys 50,000 Shares of Stock

Belo Sun Mining Corp (TSE:BSX) insider La Mancha Capital Management Gp bought 50,000 shares of Belo Sun Mining stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of C$0.32 per share, with a total value of C$16,000.00. Following the completion of the acquisition, the insider owned 88,203,807 shares of the company’s stock, valued at C$28,225,218.24. This represents a 0.06% increase in their ownership of the stock.

La Mancha Capital Management Gp also recently made the following trade(s):

• On Wednesday, November 5th, La Mancha Capital Management Gp acquired 119,000 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.32 per share, with a total value of C$38,080.00.
• On Friday, October 10th, La Mancha Capital Management Gp bought 216,000 shares of Belo Sun Mining stock. The stock was purchased at an average price of C$0.30 per share, with a total value of C$64,800.00.
• On Monday, October 6th, La Mancha Capital Management Gp acquired 435,000 shares of Belo Sun Mining stock. The shares were bought at an average cost of C$0.30 per share, for a total transaction of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp purchased 208,000 shares of Belo Sun Mining stock. The stock was purchased at an average cost of C$0.30 per share, for a total transaction of C$62,400.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp purchased 237,500 shares of Belo Sun Mining stock. The stock was acquired at an average cost of C$0.30 per share, with a total value of C$71,250.00.
• On Thursday, October 9th, La Mancha Capital Management Gp purchased 119,500 shares of Belo Sun Mining stock. The shares were bought at an average price of C$0.30 per share, for a total transaction of C$35,850.00.
• On Thursday, October 9th, La Mancha Capital Management Gp bought 341,000 shares of Belo Sun Mining stock. The stock was purchased at an average cost of C$0.30 per share, with a total value of C$102,300.00.

Belo Sun Mining Stock Performance

TSE:BSX remained flat at C$0.33 on Friday. 266,057 shares of the company’s stock were exchanged, compared to its average volume of 273,938. The firm has a market capitalization of C$155.36 million, a P/E ratio of -16.50, a price-to-earnings-growth ratio of -0.33 and a beta of 1.60. Belo Sun Mining Corp has a 1-year low of C$0.04 and a 1-year high of C$0.38. 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’s 50 day moving average is C$0.31 and its two-hundred day moving average is C$0.27.

About Belo Sun Mining

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.