Belmont Resources (CVE:BEA) Shares Down 28.6% – Should You Sell?

Belmont Resources Inc. (CVE:BEA)’s share price dropped 28.6% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 915,305 shares changed hands during mid-day trading, an increase of 1,041% from the average daily volume of 80,210 shares. The stock had previously closed at C$0.04.

Belmont Resources Price Performance

The stock has a market capitalization of C$3.31 million, a PE ratio of -2.50 and a beta of 0.91. The business’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

Belmont Resources Company Profile

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.