Belo Sun Mining (TSE:BSX) Shares Down 2.5% – Here’s Why

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

Belo Sun Mining Stock Performance

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

Belo Sun Mining (TSE:BSX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Analysts anticipate that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Belo Sun Mining

In other news, Director Clovis Torres Junior sold 120,000 shares of Belo Sun Mining stock in a transaction 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. Also, insider Kenny Choi sold 50,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$1.56, for a total value of C$78,000.00. Following the completion of the transaction, the insider owned 50,000 shares of the company’s stock, valued at C$78,000. The trade was a 50.00% decrease in their ownership of the stock. 3.08% of the stock is owned by company insiders.

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.