La Mancha Capital Management Gp Buys 237,500 Shares of Belo Sun Mining (TSE:BSX) Stock

Belo Sun Mining Corp (TSE:BSX) insider La Mancha Capital Management Gp acquired 237,500 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were purchased at an average cost of C$0.30 per share, for a total transaction of C$71,250.00. Following the completion of the acquisition, the insider directly owned 87,271,807 shares in the company, valued at approximately C$26,181,542.10. This represents a 0.27% increase in their ownership of the stock.

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

• On Monday, October 6th, La Mancha Capital Management Gp acquired 435,000 shares of Belo Sun Mining stock. The shares were purchased at an average cost of C$0.30 per share, for a total transaction of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp bought 208,000 shares of Belo Sun Mining stock. The shares were bought at an average cost of C$0.30 per share, for a total transaction of C$62,400.00.
• On Thursday, October 9th, La Mancha Capital Management Gp bought 119,500 shares of Belo Sun Mining stock. The shares were bought at an average cost of C$0.30 per share, for a total transaction of C$35,850.00.
• On Thursday, October 9th, La Mancha Capital Management Gp bought 341,000 shares of Belo Sun Mining stock. The shares were bought at an average cost of C$0.30 per share, for a total transaction of C$102,300.00.

Belo Sun Mining Stock Performance

TSE BSX opened at C$0.31 on Friday. The company has a market cap of C$143.59 million, a P/E ratio of -15.25, a P/E/G ratio of -0.33 and a beta of 1.58. 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 business’s 50 day moving average price is C$0.28 and its 200-day moving average price is C$0.25. Belo Sun Mining Corp has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.38.

About Belo Sun Mining

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.