Favorable Media Coverage Very Unlikely to Affect Belo Sun Mining (BSX) Stock Price

News headlines about Belo Sun Mining (TSE:BSX) have been trending positive on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Belo Sun Mining earned a news sentiment score of 2.63 on their scale. InfoTrie also assigned media coverage about the company an news buzz score of 2 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock’s share price in the immediate future.

Shares of TSE BSX remained flat at $C$0.33 during midday trading on Friday. 248,900 shares of the stock traded hands, compared to its average volume of 585,562. Belo Sun Mining has a twelve month low of C$0.17 and a twelve month high of C$0.52.

Separately, TD Securities lowered their price objective on shares of Belo Sun Mining from C$0.45 to C$0.35 and set a “hold” rating for the company in a research note on Wednesday, July 25th.

In other news, insider Valley Gold Master Fund L. Sun purchased 11,706,700 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was bought at an average price of C$0.17 per share, for a total transaction of C$1,990,139.00. Also, insider Valley Gold Master Fund L. Sun purchased 626,909 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of C$0.21 per share, with a total value of C$131,650.89. Insiders purchased 14,617,909 shares of company stock valued at $2,588,433 in the last quarter.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.baseballdailydigest.com/2018/11/10/positive-media-coverage-very-unlikely-to-impact-belo-sun-mining-bsx-stock-price.html.

About Belo Sun Mining

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.

Featured Article: What is a Fiduciary?

Receive News & Ratings for Belo Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belo Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply