Belo Sun Mining (TSE:BSX) Trading Down 11.3% – Time to Sell?

Belo Sun Mining Corp (TSE:BSX) shares dropped 11.3% during mid-day trading on Monday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 293,443 shares changed hands during trading, an increase of 2% from the average daily volume of 287,323 shares. The stock had previously closed at C$0.31.

Belo Sun Mining Trading Down 11.3%

The firm has a market capitalization of C$125.14 million, a PE ratio of -13.75, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is C$0.25 and its 200-day simple moving average is C$0.21.

Insider Transactions at Belo Sun Mining

In other Belo Sun Mining news, insider La Mancha Investments S.à r.l. bought 836,500 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of C$0.20 per share, for a total transaction of C$164,706.85. Also, insider Yousriya Loza-Sawiris bought 836,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of C$0.20 per share, for a total transaction of C$164,706.85. In the last quarter, insiders purchased 4,938,000 shares of company stock valued at $978,301. 3.08% of the stock is currently owned by company insiders.

About Belo Sun Mining

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.