Belmont Resources (CVE:BEA) Trading 50% Higher – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report)’s share price traded up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 6,695,830 shares were traded during trading, an increase of 5,326% from the average session volume of 123,396 shares. The stock had previously closed at C$0.03.

Belmont Resources Price Performance

The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The firm has a market cap of C$5.96 million, a PE ratio of -4.50 and a beta of 0.18.

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.

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