Belo Sun Mining (TSE:BSX) Trading Down 10% – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s stock price traded down 10% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 293,437 shares traded hands during 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 Stock Performance

The stock has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.05. The stock has a market capitalization of C$20.48 million, a P/E ratio of -2.25, a P/E/G 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

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 Pará State, Brazil.