Belmont Resources (CVE:BEA) Shares Down 7.1%

Belmont Resources Inc. (CVE:BEA)’s stock price dropped 7.1% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 153,500 shares traded hands during trading, a decline of 73% from the average daily volume of 567,009 shares. The stock had previously closed at C$0.07.

The stock’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The company has a market capitalization of C$3.18 million and a price-to-earnings ratio of -7.00. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 7.96.

About Belmont Resources (CVE:BEA)

Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It holds a 100% interest in the Kibby Basin property with 16 claims covering an area of 2,560 acres located in Esmeralda County, Nevada. The company has an option to acquire a 100% interest in the Pathfinder Property comprising 253.34 hectares located in southern British Columbia; Athelstan property comprising 2 mineral claims covering an area of 127 hectares located in Phoenix mining camp of southern British Columbia; Pride of the West and Black Bear Claims located in the Greenwood Mining Division in southern British Columbia; and Come By Chance property comprising 21 mineral claims and 15 reverted crown granted mineral claims covering an area of approximately 527 hectares located in Phoenix mining camp of Southern British Columbia.

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