Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) dropped 15.5% during mid-day trading on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares were traded during trading, an increase of 429% from the average daily volume of 181,044 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Up 2.4 %
The company has a market cap of C$381.73 million, a PE ratio of -8.23 and a beta of 1.27. The firm has a fifty day simple moving average of C$0.82 and a 200-day simple moving average of C$0.89.
Insider Buying and Selling
In related news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders have sold 102,100 shares of company stock worth $102,434 in the last quarter. 29.16% of the stock is owned by insiders.
About Rusoro Mining
Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Venezuela. It primarily holds 95% interests in the Choco 10 mine; and 50% interest in the Isidora mine located in the El Callao district in south-eastern Venezuela. The company was formerly known as Newton Ventures Inc and changed its name to Rusoro Mining Ltd.
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