Belmont Resources (CVE:BEA) Stock Price Up 28.6% – Still a Buy?

Belmont Resources Inc. (CVE:BEAGet Free Report) shares rose 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 541,433 shares were traded during trading, an increase of 589% from the average daily volume of 78,550 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Up 28.6%

The firm has a market cap of C$4.60 million, a PE ratio of -9.15 and a beta of 1.12. The firm’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.03.

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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