Belmont Resources (CVE:BEA) Shares Down 28.6% – Should You Sell?

Belmont Resources Inc. (CVE:BEAGet Free Report) fell 28.6% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 915,305 shares changed hands during mid-day trading, an increase of 1,041% from the average session volume of 80,210 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Performance

The firm has a market capitalization of C$3.31 million, a P/E ratio of -2.50 and a beta of 0.18. The firm has a 50-day moving average of C$0.04 and a 200-day moving average 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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