Belo Sun Mining (TSE:BSX) Stock Price Down 10% – Here’s Why

Shares of Belo Sun Mining Corp (TSE:BSXGet Free Report) traded down 10% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 293,437 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 142,884 shares. The stock had previously closed at C$0.05.

Belo Sun Mining Price Performance

The stock’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The firm has a market cap of C$22.75 million, a price-to-earnings ratio of -2.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

About Belo Sun Mining

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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 ParĂ¡ State, Brazil.

Further Reading

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