Belo Sun Mining Corp (TSE:BSX)’s share price traded down 3.3% on Friday . The company traded as low as C$0.58 and last traded at C$0.58. 26,100 shares were traded during trading, a decline of 79% from the average session volume of 126,738 shares. The stock had previously closed at C$0.60.

A number of equities analysts have weighed in on the stock. Scotiabank set a C$1.35 target price on shares of Belo Sun Mining Corp and gave the company an “outperform” rating in a research note on Friday, June 9th. TD Securities decreased their target price on shares of Belo Sun Mining Corp from C$1.45 to C$1.15 and set a “speculative buy” rating for the company in a research note on Wednesday, July 12th.

The firm’s market capitalization is $274.16 million. The firm’s 50-day moving average price is $0.62 and its 200 day moving average price is $0.68.

In other news, insider Sun Valley Gold Llc sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of C$0.69, for a total value of C$34,500.00.

WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/17/belo-sun-mining-corp-bsx-trading-down-3-3.html.

Belo Sun Mining Corp Company Profile

Belo Sun Mining Corp. operates as a gold exploration company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of submitted 4 mine concessions, 48 exploration permits, 24 exploration permit extensions submitted, and 7 exploration applications covering a total area of 175,443 hectares located in the northern region of Pará State, Brazil.

Receive News & Ratings for Belo Sun Mining Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belo Sun Mining Corp and related companies with MarketBeat.com's FREE daily email newsletter.