Belo Sun Mining Corp (TSE:BSX) traded up 7.8% during mid-day trading on Tuesday . The company traded as high as C$0.35 and last traded at C$0.35, 302,311 shares changed hands during mid-day trading. A decline of 43% from the average session volume of 531,579 shares. The stock had previously closed at C$0.32.
The company has a current ratio of 9.77, a quick ratio of 7.45 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $156.03 million and a price-to-earnings ratio of -19.17. The stock has a fifty day moving average of C$0.48 and a 200-day moving average of C$0.36.
In other news, Senior Officer Ryan Jeffery Ptolemy sold 120,000 shares of Belo Sun Mining stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$0.46, for a total transaction of C$55,308.00. Following the transaction, the insider now owns 40,000 shares in the company, valued at C$18,436. Also, Director Peter Wilson Tagliamonte sold 2,100,000 shares of Belo Sun Mining stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$0.45, for a total value of C$949,200.00. Following the transaction, the director now owns 11,827,121 shares in the company, valued at approximately C$5,345,858.69.
Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of 4 submitted mine concessions, 55 exploration permits, 17 submitted exploration permit extensions, and 5 exploration applications covering a total area of 175,856 hectares located in the northern region of Pará State, Brazil.
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