Belo Sun Mining (TSE:BSX) Trading 17.6% Higher – Should You Buy?

Shares of Belo Sun Mining Corp (TSE:BSXGet Free Report) were up 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 changed hands during 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 Trading Down 3.4 %

The firm has a market capitalization of C$63.71 million, a PE ratio of -7.00, a P/E/G ratio of -0.33 and a beta of 2.24. The company’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

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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