Rusoro Mining Ltd. (CVE:RML – Get Free Report)’s share price shot up 18.8% during mid-day trading on Monday . The company traded as high as C$1.05 and last traded at C$1.01. 444,508 shares changed hands during mid-day trading, an increase of 260% from the average session volume of 123,603 shares. The stock had previously closed at C$0.85.
Rusoro Mining Stock Performance
The firm’s 50-day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.93. The stock has a market cap of C$416.84 million, a price-to-earnings ratio of -8.98 and a beta of 1.27.
Rusoro Mining Company Profile
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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