Belmont Resources (CVE:BEA) Trading Down 25% – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report) fell 25% during mid-day trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.05. 588,303 shares were traded during trading, an increase of 326% from the average session volume of 137,998 shares. The stock had previously closed at C$0.06.

Belmont Resources Price Performance

The firm has a market capitalization of C$5.96 million, a PE 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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