Belo Sun Mining (TSE:BSX) Hits New 12-Month High – Should You Buy?

Shares of Belo Sun Mining Corp (TSE:BSXGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 9200 shares. The stock had previously closed at C$0.05.

Belo Sun Mining Stock Performance

The business has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a market cap of C$22.75 million, a P/E ratio of -2.50, a P/E/G ratio of -0.33 and a beta of 2.24. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

About Belo Sun Mining

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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.

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