Belmont Resources (CVE:BEA) Reaches New 12-Month Low – Here’s Why

Belmont Resources Inc. (CVE:BEAGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 576000 shares trading hands. The stock had previously closed at C$0.03.

Belmont Resources Trading Up 20.0 %

The firm has a market capitalization of C$3.07 million, a P/E ratio of -3.00 and a beta of 1.12. The business’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a quick ratio of 1.41, a current ratio of 0.38 and a debt-to-equity ratio of 0.60.

About Belmont Resources

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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 interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada.

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