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

Belo Sun Mining Corp (TSE:BSX)’s stock price 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 9200 shares changing hands. The stock had previously closed at C$0.05.

Belo Sun Mining Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04. The company has a market capitalization of C$22.75 million, a price-to-earnings ratio of -2.50, a PEG ratio of -0.33 and a beta of 2.24. The firm has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.

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.