Belo Sun Mining (TSE:BSX) Shares Down 2.8% – Should You Sell?

Shares of Belo Sun Mining Corp (TSE:BSX) traded down 2.8% on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. 29,900 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 465,128 shares. The stock had previously closed at C$0.18.

Belo Sun Mining Stock Performance

The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of C$0.19 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$79.64 million, a P/E ratio of -8.75, a P/E/G ratio of -0.33 and a beta of 2.24.

Insider Transactions at Belo Sun Mining

In other news, insider La Mancha Capital Management GP bought 256,230 shares of the company’s stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of C$0.21 per share, with a total value of C$54,628.24. Also, Director Mark Price Eaton sold 298,500 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of C$0.25, for a total transaction of C$73,878.75. 3.08% of the stock is owned by insiders.

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.