Belmont Resources (CVE:BEA) Reaches New 1-Year Low – Should You Sell?

Belmont Resources Inc. (CVE:BEAGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 2000 shares changing hands. The stock had previously closed at C$0.03.

Belmont Resources Trading Down 20.0 %

The firm has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.41 and a current ratio of 0.92. The firm has a market capitalization of C$2.04 million, a P/E ratio of -2.00 and a beta of 1.12.

Belmont Resources Company Profile

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds a 100% interest in the Kibby Basin property that covers an area of approximately 13,440 acres located in Esmeralda County, Nevada; and the Crackingstone property situated in the Northern Mining District, Saskatchewan.

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