Belo Sun Mining (TSE:BSX) Shares Up 13% Following Insider Buying Activity

Belo Sun Mining Corp (TSE:BSX) shares shot up 13% on Wednesday after an insider bought additional shares in the company. The company traded as high as C$0.26 and last traded at C$0.26. 188,310 shares were traded during mid-day trading, a decline of 68% from the average session volume of 594,353 shares. The stock had previously closed at C$0.23.

Specifically, insider La Mancha Capital Management GP bought 256,230 shares of the stock in a transaction 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.

Belo Sun Mining Stock Performance

The company has a market cap of C$118.32 million, a PE ratio of -13.00, a PEG ratio of -0.33 and a beta of 2.24. 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 business has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.06.

Belo Sun Mining Company Profile

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.