Belo Sun Mining (TSE:BSX) Stock Price Up 13% on Insider Buying Activity

Belo Sun Mining Corp (TSE:BSX) shares rose 13% on Wednesday following insider buying activity. The company traded as high as C$0.26 and last traded at C$0.26. Approximately 188,310 shares changed hands during trading, a decline of 68% from the average daily volume of 594,353 shares. The stock had previously closed at C$0.23.

Specifically, insider La Mancha Capital Management GP purchased 256,230 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of C$0.21 per share, with a total value of C$54,628.24.

Belo Sun Mining Trading Down 6.5 %

The firm has a market cap of C$97.84 million, a PE ratio of -10.75, a P/E/G ratio of -0.33 and a beta of 2.24. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.06.

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.