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

Belmont Resources Inc. (CVE:BEAGet Free Report)’s stock price traded down 25% on Saturday . The stock traded as low as C$0.04 and last traded at C$0.05. 588,303 shares were traded during mid-day 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 Stock Down 25.0%

The firm has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The firm has a market capitalization of C$5.96 million, a price-to-earnings ratio of -4.50 and a beta of 0.18.

About Belmont Resources

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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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