Belmont Resources Inc. (CVE:BEA – Get Free Report) shares dropped 25% on Saturday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 588,303 shares changed hands during mid-day trading, an increase of 326% from the average daily volume of 137,998 shares. The stock had previously closed at C$0.06.
Belmont Resources Stock Performance
The firm has a market cap of C$5.96 million, a price-to-earnings ratio of -4.50 and a beta of 0.18. The business has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.04.
About Belmont Resources
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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