Belo Sun Mining (TSE:BSX) Hits New 52-Week Low – What’s Next?

Belo Sun Mining Corp (TSE:BSX) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 12036 shares changing hands. The stock had previously closed at C$0.05.

Belo Sun Mining Price Performance

The firm has a market cap of C$20.48 million, a price-to-earnings ratio of -2.00, a P/E/G ratio of -0.33 and a beta of 2.22. The firm has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

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

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.