Belo Sun Mining (TSE:BSX) Hits New 1-Year High – What’s Next?

Belo Sun Mining Corp (TSE:BSX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 1000 shares changing hands. The stock had previously closed at C$0.06.

Belo Sun Mining Stock Performance

The firm has a market cap of C$25.03 million, a P/E ratio of -2.75, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

Belo Sun Mining (TSE:BSX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C($0.01) EPS for the quarter. As a group, equities analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current year.

Belo Sun Mining Company Profile

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.