Belmont Resources (CVE:BEA) Trading Up 16.7% – Time to Buy?

Belmont Resources Inc. (CVE:BEAGet Free Report)’s stock price traded up 16.7% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 124,007 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 89,105 shares. The stock had previously closed at C$0.03.

Belmont Resources Price Performance

The firm has a market cap of C$4.64 million, a P/E ratio of -3.50 and a beta of -1.27. The firm’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04.

About Belmont Resources

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada. It also holds interests in the Lone Star project located in Washington state; and the Kibby Basin project located in Nevada of the United States.

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