Belo Sun Mining (TSE:BSX) Stock Price Up 17.6% – Time to Buy?

Belo Sun Mining Corp (TSE:BSXGet Free Report) shares rose 17.6% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 229,550 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 312,911 shares. The stock had previously closed at C$0.09.

Belo Sun Mining Price Performance

The business has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05. The stock has a market capitalization of C$59.16 million, a P/E ratio of -6.50, a PEG ratio of -0.33 and a beta of 2.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

Belo Sun Mining Company Profile

(Get Free Report)

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.

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