Belmont Resources (CVE:BEA) Stock Price Up 50% – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report) shares were up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 6,695,830 shares were traded during trading, an increase of 5,326% from the average daily volume of 123,396 shares. The stock had previously closed at C$0.03.

Belmont Resources Stock Performance

The firm has a market capitalization of C$5.96 million, a PE ratio of -4.50 and a beta of 0.18. The company has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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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