Belo Sun Mining (TSE:BSX) Stock Price Down 2.5% – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s share price traded down 2.5% on Tuesday . The stock traded as low as C$1.17 and last traded at C$1.18. 697,968 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 794,619 shares. The stock had previously closed at C$1.21.

Belo Sun Mining Stock Up 5.9%

The firm has a market capitalization of C$710.30 million, a price-to-earnings ratio of -62.50, a P/E/G ratio of -0.33 and a beta of 2.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04. The stock has a fifty day moving average of C$1.22 and a two-hundred day moving average of C$1.23.

Belo Sun Mining (TSE:BSX) last announced its earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. Sell-side analysts anticipate that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

Insider Activity at Belo Sun Mining

In other Belo Sun Mining news, Director Clovis Torres Junior sold 120,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$1.59, for a total transaction of C$190,800.00. Also, insider Kenny Choi sold 50,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$1.56, for a total transaction of C$78,000.00. Following the sale, the insider directly owned 50,000 shares of the company’s stock, valued at C$78,000. This represents a 50.00% decrease in their position. Corporate insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.