Belo Sun Mining (TSE:BSX) Stock Price Down 0.8% – Time to Sell?

Belo Sun Mining Corp (TSE:BSX – Get Free Report) shares were down 0.8% during trading on Wednesday. The company traded as low as C$1.16 and last traded at C$1.19. Approximately 729,391 shares changed hands during trading, a decline of 7% from the average daily volume of 781,311 shares. The stock had previously closed at C$1.20.

Belo Sun Mining Stock Down 0.8%

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 market cap of C$676.20 million, a P/E ratio of -59.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.48. The firm’s 50 day moving average price is C$1.28 and its two-hundred day moving average price is C$1.23.

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Belo Sun Mining (TSE:BSX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Equities research analysts anticipate that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

Insider Transactions at Belo Sun Mining

In other Belo Sun Mining news, insider Kenny Choi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$1.56, for a total value of C$78,000.00. Following the completion of the sale, the insider owned 50,000 shares of the company’s stock, valued at approximately C$78,000. This trade represents a 50.00% decrease in their ownership of the stock. Also, Director Clovis Torres Junior sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$1.59, for a total value of C$190,800.00. Insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

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Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.

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