Bear Creek Mining (CVE:BCM) Shares Cross Below Fifty Day Moving Average of $0.32

Bear Creek Mining Co. (CVE:BCM)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.32 and traded as low as C$0.30. Bear Creek Mining shares last traded at C$0.31, with a volume of 102,932 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price objective on Bear Creek Mining from C$1.00 to C$0.95 in a research report on Friday, May 31st.

Bear Creek Mining Price Performance

The stock has a 50 day moving average of C$0.32 and a two-hundred day moving average of C$0.33. The company has a debt-to-equity ratio of 119.61, a quick ratio of 0.21 and a current ratio of 0.19. The firm has a market capitalization of C$70.55 million, a P/E ratio of -1.00, a P/E/G ratio of -0.10 and a beta of 1.83.

Insiders Place Their Bets

In other news, Director Erfan Kazemi-Esfahani sold 147,211 shares of Bear Creek Mining stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$0.32, for a total transaction of C$46,371.47. Company insiders own 34.14% of the company’s stock.

About Bear Creek Mining

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.