Rusoro Mining Ltd. (CVE:RML – Get Free Report) traded down 15.5% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. 963,986 shares traded hands during mid-day trading, an increase of 437% from the average session volume of 179,508 shares. The stock had previously closed at C$0.97.
Rusoro Mining Trading Up 2.4 %
The stock has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The firm’s fifty day moving average price is C$0.82 and its 200 day moving average price is C$0.89.
Insiders Place Their Bets
In other news, Director Anthony John Beruschi sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. Insiders have sold 102,100 shares of company stock worth $102,434 over the last ninety days. Corporate insiders own 29.16% of the company’s stock.
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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