Belo Sun Mining (BSX) Shares Up 17.9%

Belo Sun Mining Corp (TSE:BSX) shares shot up 17.9% during trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.33. 218,675 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 576,982 shares. The stock had previously closed at C$0.28.

Separately, TD Securities dropped their target price on shares of Belo Sun Mining from C$0.45 to C$0.35 and set a “hold” rating on the stock in a report on Wednesday, July 25th.

In related news, insider Sun Valley Gold Llc acquired 364,800 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were bought at an average price of C$0.21 per share, for a total transaction of C$76,608.00. Also, insider Valley Gold Master Fund L. Sun acquired 626,909 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were bought at an average price of C$0.21 per share, for a total transaction of C$131,650.89. In the last 90 days, insiders have bought 14,617,909 shares of company stock worth $2,588,433.

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About Belo Sun Mining (TSE:BSX)

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of 4 submitted mine concessions, 55 exploration permits, 17 submitted exploration permit extensions, and 5 exploration applications covering a total area of 175,856 hectares located in the northern region of Pará State, Brazil.

Further Reading: Beta

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