Insider Buying: Belo Sun Mining Corp (TSE:BSX) Insider Acquires 229,000 Shares of Stock

Belo Sun Mining Corp (TSE:BSX) insider La Mancha Capital Management GP purchased 229,000 shares of Belo Sun Mining stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of C$0.18 per share, for a total transaction of C$41,220.00.

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

• On Wednesday, March 5th, La Mancha Capital Management GP acquired 5,000 shares of Belo Sun Mining stock. The stock was purchased at an average price of C$0.15 per share, for a total transaction of C$750.00.
• On Monday, January 27th, La Mancha Capital Management GP bought 256,230 shares of Belo Sun Mining stock. The shares were acquired at an average price of C$0.21 per share, with a total value of C$54,628.24.

Belo Sun Mining Trading Down 5.4 %

Shares of BSX traded down C$0.01 during trading hours on Thursday, reaching C$0.18. 195,704 shares of the company traded hands, compared to its average volume of 439,569. The company’s fifty day moving average price is C$0.20 and its two-hundred day moving average price is C$0.11. 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 company has a market capitalization of C$79.64 million, a price-to-earnings ratio of -8.75, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. Belo Sun Mining Corp has a 12 month low of C$0.04 and a 12 month high of C$0.30.

About Belo Sun Mining

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.