Belo Sun Mining Corp (BSX) Trading Down 3.3%
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.
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.
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