Bear Creek Mining (CVE:BCM) Stock Passes Below 50-Day Moving Average of $3.20

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Bear Creek Mining Corp. (CVE:BCM)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.20 and traded as low as $3.14. Bear Creek Mining shares last traded at $3.20, with a volume of 46,617 shares traded.

Separately, Canaccord Genuity raised their price target on Bear Creek Mining from C$3.75 to C$6.00 in a research report on Tuesday, August 4th.

The company has a market capitalization of $254.80 million and a price-to-earnings ratio of -23.46. The company has a 50-day moving average price of C$3.21 and a 200-day moving average price of C$2.33. The company has a quick ratio of 10.26, a current ratio of 10.26 and a debt-to-equity ratio of 0.59.

Bear Creek Mining (CVE:BCM) last issued its quarterly earnings results on Wednesday, August 26th. The company reported C($0.03) earnings per share (EPS) for the quarter. Equities analysts expect that Bear Creek Mining Corp. will post -0.1 EPS for the current fiscal year.

In other Bear Creek Mining news, Director Catherine Mcleod-Seltzer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of C$3.50, for a total transaction of C$175,000.00. Following the completion of the transaction, the director now owns 1,266,562 shares in the company, valued at C$4,432,967. Also, Senior Officer Elsiario Antunez De Mayolo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of C$2.80, for a total transaction of C$84,000.00. Following the transaction, the insider now owns 130,000 shares of the company’s stock, valued at approximately C$364,000. Over the last ninety days, insiders sold 96,700 shares of company stock worth $314,155.

About Bear Creek Mining (CVE:BCM)

Bear Creek Mining Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, gold, and copper deposits. Its flagship property is the Corani silver-lead-zinc project, which consists of 12 mineral concessions covering an area of approximately 5,700 hectares located to the southeast of Cusco, Peru.

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