Belo Sun Mining (TSE:BSX) Hits New 12-Month High – Time to Buy?

Belo Sun Mining Corp (TSE:BSX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.39 and last traded at C$0.38, with a volume of 211921 shares changing hands. The stock had previously closed at C$0.36.

Belo Sun Mining Trading Up 3.6%

The stock has a market capitalization of C$204.79 million, a P/E ratio of -21.75, a price-to-earnings-growth ratio of -0.33 and a beta of 1.60. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of C$0.33 and a 200 day moving average price of C$0.28.

Belo Sun Mining (TSE:BSX) last released its earnings results on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. On average, research analysts forecast that Belo Sun Mining Corp will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Yousriya Loza purchased 119,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of C$0.32 per share, with a total value of C$38,080.00. Following the acquisition, the insider owned 88,322,807 shares in the company, valued at C$28,263,298.24. The trade was a 0.13% increase in their ownership of the stock. Also, insider La Mancha Investments S.Ï¿½ R.L. purchased 216,000 shares of the stock in a transaction dated Friday, October 10th. The stock was purchased at an average cost of C$0.30 per share, for a total transaction of C$64,800.00. Following the completion of the purchase, the insider directly owned 87,948,307 shares of the company’s stock, valued at approximately C$26,384,492.10. The trade was a 0.25% increase in their ownership of the stock. Insiders acquired 5,178,000 shares of company stock worth $1,563,540 over the last 90 days. Company insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.