Belmont Resources (CVE:BEA) Trading Up 50% – Still a Buy?

Belmont Resources Inc. (CVE:BEAGet Free Report) was up 50% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 6,695,830 shares traded hands during mid-day trading, an increase of 5,326% from the average daily volume of 123,396 shares. The stock had previously closed at C$0.03.

Belmont Resources Price Performance

The stock has a market cap of C$5.96 million, a PE ratio of -4.50 and a beta of 0.18. The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04.

About Belmont Resources

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada.

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