Belmont Resources (CVE:BEA) Stock Price Down 25% – Time to Sell?

Belmont Resources Inc. (CVE:BEAGet Free Report) was down 25% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 356,212 shares traded hands during mid-day trading, an increase of 161% from the average daily volume of 136,298 shares. The stock had previously closed at C$0.06.

Belmont Resources Trading Down 25.0%

The firm has a fifty day moving average price of C$0.04 and a 200 day moving average price of 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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