Belo Sun Mining (TSE:BSX) Trading 25% Higher – What’s Next?

Shares of Belo Sun Mining Corp (TSE:BSXGet Free Report) rose 25% during mid-day trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 657,222 shares traded hands during trading, an increase of 383% from the average daily volume of 136,014 shares. The stock had previously closed at C$0.04.

Belo Sun Mining Stock Performance

The firm has a market cap of C$22.75 million, a PE ratio of -2.50, a P/E/G ratio of -0.33 and a beta of 2.24. The stock has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

About Belo Sun Mining

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Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.

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