Belo Sun Mining (TSE:BSX) Trading 76.8% Higher – Should You Buy?

Shares of Belo Sun Mining Corp (TSE:BSX) were up 76.8% on Tuesday . The company traded as high as C$1.05 and last traded at C$0.99. Approximately 7,566,826 shares traded hands during mid-day trading, an increase of 700% from the average daily volume of 945,504 shares. The stock had previously closed at C$0.56.

Belo Sun Mining Stock Up 76.8%

The firm has a market capitalization of C$466.08 million, a P/E ratio of -49.50, a P/E/G ratio of -0.33 and a beta of 1.32. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is C$0.61 and its 200-day simple moving average is C$0.42.

About Belo Sun Mining

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.