Bear Creek Mining (CVE:BCM) Stock Price Up 5.3% – Here’s What Happened

Bear Creek Mining Co. (CVE:BCM)’s share price shot up 5.3% during mid-day trading on Thursday . The company traded as high as C$0.40 and last traded at C$0.40. 347,902 shares were traded during trading, an increase of 28% from the average session volume of 270,887 shares. The stock had previously closed at C$0.38.

Bear Creek Mining Stock Up 5.3 %

The company has a debt-to-equity ratio of 119.61, a quick ratio of 0.21 and a current ratio of 0.19. The stock has a market cap of C$89.92 million, a PE ratio of -1.20, a price-to-earnings-growth ratio of -0.10 and a beta of 1.84. The company’s 50-day moving average price is C$0.46 and its 200 day moving average price is C$0.39.

Bear Creek Mining (CVE:BCM) last announced its earnings results on Monday, August 26th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). The business had revenue of C$30.29 million for the quarter. Bear Creek Mining had a negative net margin of 50.97% and a negative return on equity of 60.46%. As a group, analysts forecast that Bear Creek Mining Co. will post 0.0548926 EPS for the current fiscal year.

Insider Buying and Selling at Bear Creek Mining

In other Bear Creek Mining news, Director Erfan Kazemi-Esfahani sold 147,211 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$0.32, for a total value of C$46,371.47. Also, Senior Officer Eric Edward Caba acquired 90,000 shares of the stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of C$0.36 per share, for a total transaction of C$32,015.25. 34.18% of the stock is currently owned by corporate insiders.

Bear Creek Mining Company Profile

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.