Belo Sun Mining (TSE:BSX) Hits New 1-Year High – Here’s Why

Belo Sun Mining Corp (TSE:BSX)’s share price hit a new 52-week high on Monday . The company traded as high as C$0.22 and last traded at C$0.22, with a volume of 1298304 shares traded. The stock had previously closed at C$0.14.

Belo Sun Mining Stock Down 6.5 %

The firm has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. The stock has a market capitalization of C$97.84 million, a P/E ratio of -10.75, a PEG ratio of -0.33 and a beta of 2.24. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Insider Transactions at Belo Sun Mining

In other news, insider La Mancha Capital Management GP acquired 256,230 shares of Belo Sun Mining stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of C$0.21 per share, for a total transaction of C$54,628.24. Company insiders own 3.08% of the company’s stock.

About Belo Sun Mining

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.