Belo Sun Mining Corp (TSE:BSX) shares shot up 10% during trading on Tuesday . The company traded as high as C$0.44 and last traded at C$0.44, 182,092 shares were traded during mid-day trading. A decline of 65% from the average session volume of 520,563 shares. The stock had previously closed at C$0.40.
The stock has a market cap of $178.32 million and a PE ratio of -21.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.77 and a quick ratio of 7.49. The business has a fifty day moving average of C$0.44 and a 200 day moving average of C$0.38.
In related news, Director Peter Wilson Tagliamonte sold 2,100,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$0.45, for a total value of C$949,200.00. Following the completion of the transaction, the director now owns 11,827,121 shares of the company’s stock, valued at C$5,345,858.69.
Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of 4 submitted mine concessions, 55 exploration permits, 17 submitted exploration permit extensions, and 5 exploration applications covering a total area of 175,856 hectares located in the northern region of Pará State, Brazil.
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