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

Belmont Resources Inc. (CVE:BEAGet Free Report) shares traded up 50% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 6,695,830 shares changed hands during mid-day 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 has a market capitalization of C$5.96 million, a price-to-earnings ratio of -4.50 and a beta of 0.18. The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

Belmont Resources Company Profile

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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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