Bear Creek Mining (CVE:BCM) Trading Up 5.3% – Should You Buy?

Bear Creek Mining Co. (CVE:BCM)’s share price was up 5.3% during mid-day trading on Thursday . The stock traded as high as C$0.40 and last traded at C$0.40. Approximately 347,902 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 270,887 shares. The stock had previously closed at C$0.38.

Bear Creek Mining Trading Up 5.3 %

The stock’s 50-day moving average price is C$0.46 and its 200 day moving average price is C$0.39. The company has a debt-to-equity ratio of 119.61, a current ratio of 0.19 and a quick ratio of 0.21. The firm has a market capitalization of C$89.92 million, a PE ratio of -1.20, a price-to-earnings-growth ratio of -0.10 and a beta of 1.84.

Bear Creek Mining (CVE:BCM) last released its quarterly earnings data on Monday, August 26th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Bear Creek Mining had a negative return on equity of 60.46% and a negative net margin of 50.97%. The firm had revenue of C$30.29 million for the quarter. On average, sell-side analysts expect that Bear Creek Mining Co. will post 0.0548926 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Erfan Kazemi-Esfahani sold 147,211 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$0.32, for a total transaction of C$46,371.47. Also, Senior Officer Eric Edward Caba acquired 90,000 shares of Bear Creek Mining stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of C$0.36 per share, with a total value of C$32,015.25. 34.18% of the stock is owned by insiders.

About Bear Creek Mining

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.