Belo Sun Mining (TSE:BSX) Stock Price Down 10.4% – Time to Sell?

Belo Sun Mining Corp (TSE:BSX) traded down 10.4% during mid-day trading on Wednesday. The stock traded as low as C$0.94 and last traded at C$1.03. Approximately 1,526,650 shares were traded during trading, an increase of 95% from the average session volume of 783,521 shares. The stock had previously closed at C$1.15.

Belo Sun Mining Trading Down 9.3%

The stock has a market capitalization of C$556.87 million, a P/E ratio of -49.00, a price-to-earnings-growth ratio of -0.33 and a beta of 2.48. 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$1.29 and a 200 day moving average price of C$1.22.

Belo Sun Mining (TSE:BSX) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) earnings per share 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 Transactions at Belo Sun Mining

In related news, insider Ian Pritchard sold 66,666 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of C$1.16, for a total transaction of C$77,332.56. Following the completion of the sale, the insider owned 539,435 shares of the company’s stock, valued at C$625,744.60. This represents a 11.00% decrease in their ownership of the stock. Also, insider Kenny Choi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$1.56, for a total transaction of C$78,000.00. Following the completion of the sale, the insider owned 50,000 shares of the company’s stock, valued at approximately C$78,000. This trade represents a 50.00% decrease in their ownership of the stock. Insiders have sold a total of 236,666 shares of company stock valued at $346,133 in the last 90 days. Insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.