Belo Sun Mining Corp (OTCMKTS:BSXGF) Stock Short Interest Climbs 70.4%

Belo Sun Mining Corp (OTCMKTS:BSXGF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 4,872,192 shares, a growth of 70.4% from the September 30th total of 2,858,466 shares. Based on an average daily trading volume, of 100,697 shares, the days-to-cover ratio is currently 48.4 days.

Belo Sun Mining Stock Up 5.7%

Shares of OTCMKTS:BSXGF opened at $0.53 on Wednesday. The company has a 50 day moving average of $0.85 and a 200-day moving average of $0.82. Belo Sun Mining has a twelve month low of $0.21 and a twelve month high of $1.21.

Belo Sun Mining Company Profile

Belo Sun Mining Corp. is a Canadian mineral exploration and development company focused on advancing gold projects in Brazil. Its principal asset is the Volta Grande Gold Project, located in the state of Pará near the city of Altamira and the Xingu River.

The Volta Grande project is designed as a large-scale open-pit gold mining operation and includes the Ouro Verde and Grota Seca deposits, along with associated exploration targets. Belo Sun’s activities include mineral exploration, project development, environmental permitting, engineering and efforts to establish the infrastructure needed for potential future production.

The company’s history is centered on the acquisition and advancement of the Volta Grande property, which has been the subject of technical studies and regulatory review.