Rusoro Mining Ltd. (CVE:RML – Get Free Report)’s stock price was down 15.5% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. Approximately 963,986 shares changed hands during mid-day trading, an increase of 437% from the average daily volume of 179,508 shares. The stock had previously closed at C$0.97.
Rusoro Mining Price Performance
The firm’s 50 day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.89. The firm has a market capitalization of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27.
Insider Activity
In related news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction 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. In the last quarter, insiders sold 102,100 shares of company stock valued at $102,434. 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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