Insider Buying: Belo Sun Mining (TSE:BSX) Insider Buys C$38,080.00 in Stock

Belo Sun Mining Corp (TSE:BSX) insider La Mancha Capital Management Gp purchased 119,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the acquisition, the insider directly owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This represents a 0.13% increase in their ownership of the stock.

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

• On Tuesday, November 4th, La Mancha Capital Management Gp acquired 50,000 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.32 per share, for a total transaction of C$16,000.00.
• On Friday, October 10th, La Mancha Capital Management Gp bought 216,000 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, for a total transaction of C$64,800.00.
• On Monday, October 6th, La Mancha Capital Management Gp purchased 435,000 shares of Belo Sun Mining stock. The stock was acquired at an average price of C$0.30 per share, with a total value of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp acquired 208,000 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$62,400.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp bought 237,500 shares of Belo Sun Mining stock. The shares were acquired 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 Capital Management Gp bought 119,500 shares of Belo Sun Mining stock. The shares were acquired 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 purchased 341,000 shares of Belo Sun Mining stock. The stock was acquired at an average cost of C$0.30 per share, for a total transaction of C$102,300.00.

Belo Sun Mining Stock Performance

BSX stock opened at C$0.33 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04. Belo Sun Mining Corp has a 1-year low of C$0.04 and a 1-year high of C$0.38. The business has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.27. The company has a market capitalization of C$155.36 million, a price-to-earnings ratio of -16.50, a PEG ratio of -0.33 and a beta of 1.60.

Belo Sun Mining Company Profile

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.