Insider Buying: Belo Sun Mining (TSE:BSX) Insider Acquires C$62,400.00 in Stock

Belo Sun Mining Corp (TSE:BSX) insider La Mancha Investments S.Ï¿½ R.L. acquired 208,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average cost of C$0.30 per share, for a total transaction of C$62,400.00. Following the acquisition, the insider owned 87,034,307 shares of the company’s stock, valued at C$26,110,292.10. The trade was a 0.24% increase in their position.

La Mancha Investments S.Ï¿½ R.L. also recently made the following trade(s):

• On Monday, October 6th, La Mancha Investments S.Ï¿½ R.L. purchased 435,000 shares of Belo Sun Mining stock. The stock was acquired at an average price of C$0.30 per share, for a total transaction of C$130,500.00.
• On Wednesday, October 8th, La Mancha Investments S.Ï¿½ R.L. acquired 237,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, with a total value of C$71,250.00.
• On Thursday, October 9th, La Mancha Investments S.Ï¿½ R.L. acquired 119,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, with a total value of C$35,850.00.
• On Thursday, October 9th, La Mancha Investments S.Ï¿½ R.L. purchased 341,000 shares of Belo Sun Mining stock. The shares were bought at an average cost of C$0.30 per share, with a total value of C$102,300.00.

Belo Sun Mining Stock Performance

TSE:BSX opened at C$0.31 on Monday. The stock has a 50-day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.25. Belo Sun Mining Corp has a 52-week low of C$0.04 and a 52-week high of C$0.38. 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 firm has a market capitalization of C$143.59 million, a PE ratio of -15.25, a P/E/G ratio of -0.33 and a beta of 1.58.

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.