Belo Sun Mining (TSE:BSX) Trading Down 2.5% – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s stock price fell 2.5% during mid-day trading on Tuesday . The stock traded as low as C$1.17 and last traded at C$1.18. Approximately 697,968 shares were traded during trading, a decline of 12% from the average daily volume of 794,619 shares. The stock had previously closed at C$1.21.

Belo Sun Mining Stock Down 2.5%

The firm has a market capitalization of C$670.52 million, a PE ratio of -59.00, a price-to-earnings-growth ratio of -0.33 and a beta of 2.23. The firm’s 50-day moving average is C$1.22 and its 200 day moving average is C$1.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

Belo Sun Mining (TSE:BSX) last posted its earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. As a group, research analysts forecast that Belo Sun Mining Corp will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kenny Choi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$1.56, for a total transaction of C$78,000.00. Following the completion of the transaction, the insider directly owned 50,000 shares of the company’s stock, valued at C$78,000. This trade represents a 50.00% decrease in their position. Also, Director Clovis Torres Junior sold 120,000 shares of Belo Sun Mining stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$1.59, for a total value of C$190,800.00. Company insiders own 3.08% of the company’s stock.

About Belo Sun Mining

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.