Home Business Insider Buying: Belo Sun Mining Corp. Insider Purchases 798,328 Shares of Stock

Insider Buying: Belo Sun Mining Corp. Insider Purchases 798,328 Shares of Stock

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Shares of Belo Sun Mining Corp (BSX) traded up 1.61% during trading on Friday, hitting $0.63. 84,261 shares of the company traded hands. Belo Sun Mining Corp has a one year low of $0.50 and a one year high of $1.14. The stock’s market cap is $292.75 million. The firm has a 50 day moving average price of $0.60 and a 200-day moving average price of $0.77.

A number of brokerages have recently issued reports on BSX. Scotiabank set a C$1.35 price target on shares of Belo Sun Mining Corp and gave the stock an “outperform” rating in a research note on Friday, June 9th. Canaccord Genuity restated an “outperform” rating and set a C$1.50 target price on shares of Belo Sun Mining Corp in a research report on Thursday, February 23rd.

Belo Sun Mining Corp Company Profile

Belo Sun Mining Corp. is a Canada-based mineral exploration and development company. The Company is focused on its advanced-stage development project, the Volta Grande Project, which is located in Para State, approximately 60 kilometers southeast of the city of Altamira in northern Brazil. The project comprises approximately 20 exploration permits, covering an area of over 103,350 hectares (ha); approximately four mining concession applications covering an area of over 2,360 ha; approximately 10 exploration applications for exploration in mineral rights covering an area of over 23,210 ha, and approximately eight exploration applications for exploration in mineral rights in public tender, covering an area of over 31,660 ha