Belo Sun Mining (TSE:BSX) Hits New 1-Year High – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.64 and last traded at C$0.62, with a volume of 251747 shares traded. The stock had previously closed at C$0.58.

Belo Sun Mining Trading Up 8.6%

The company’s 50-day moving average is C$0.44 and its 200 day moving average is C$0.34. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$296.59 million, a PE ratio of -31.50, a P/E/G ratio of -0.33 and a beta of 0.98.

Belo Sun Mining (TSE:BSX) last announced its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current year.

Insiders Place Their Bets

In other Belo Sun Mining news, insider La Mancha Investments S.À R.L. bought 119,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were bought at an average price of C$0.32 per share, for a total transaction of C$38,080.00. Following the acquisition, the insider directly owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Also, insider La Mancha Capital Management Gp purchased 119,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of C$0.32 per share, with a total value of C$38,080.00. Following the completion of the acquisition, the insider owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. This trade represents a 0.13% increase in their position. Insiders bought a total of 3,873,000 shares of company stock valued at $1,172,040 in the last 90 days. Insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.