Belo Sun Mining (TSE:BSX) Trading 3.8% Higher – Time to Buy?

Belo Sun Mining Corp (TSE:BSX)’s share price shot up 3.8% during trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.27. 348,470 shares were traded during mid-day trading, an increase of 23% from the average session volume of 282,998 shares. The stock had previously closed at C$0.26.

Belo Sun Mining Trading Up 3.8%

The firm has a market cap of C$122.87 million, a price-to-earnings ratio of -13.50, a PEG ratio of -0.33 and a beta of 2.24. The company has a 50-day moving average price of C$0.27 and a 200 day moving average price of C$0.23. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other Belo Sun Mining news, insider Yousriya Loza-Sawiris bought 836,500 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of C$0.20 per share, with a total value of C$164,706.85. Also, insider La Mancha Capital Management GP bought 186,000 shares of the stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of C$0.20 per share, for a total transaction of C$37,200.00. In the last ninety days, insiders acquired 4,737,000 shares of company stock worth $938,177. 3.08% of the stock is currently owned by corporate insiders.

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.