Belmont Resources (CVE:BEA) Trading Down 25% – Time to Sell?

Belmont Resources Inc. (CVE:BEAGet Free Report)’s share price dropped 25% during mid-day trading on Saturday . The stock 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 Down 25.0%

The stock’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The stock has a market cap of C$5.96 million, a PE ratio of -4.50 and a beta of 0.18.

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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