Belmont Resources (CVE:BEA) Trading Up 28.6% – Should You Buy?

Belmont Resources Inc. (CVE:BEAGet Free Report) shares were up 28.6% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 541,433 shares traded hands during trading, an increase of 589% from the average daily volume of 78,550 shares. The stock had previously closed at C$0.04.

Belmont Resources Price Performance

The stock has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.03. The firm has a market cap of C$4.60 million, a price-to-earnings ratio of -9.15 and a beta of 1.12.

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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