Rusoro Mining (CVE:RML) Stock Price Down 5.7% – What’s Next?

Rusoro Mining Ltd. (CVE:RML)’s share price fell 5.7% during mid-day trading on Monday . The company traded as low as C$0.66 and last traded at C$0.66. 50,005 shares were traded during trading, a decline of 93% from the average session volume of 766,510 shares. The stock had previously closed at C$0.70.

Rusoro Mining Trading Up 6.5 %

The stock has a market capitalization of C$405.25 million, a price-to-earnings ratio of -13.20 and a beta of 1.27. The firm has a 50-day moving average of C$1.06 and a 200 day moving average of C$1.25.

Rusoro Mining (CVE:RML) last issued its earnings results on Tuesday, August 27th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Rusoro Mining

In other news, Director Vladimir Pavlovich Agapov sold 20,000 shares of Rusoro Mining stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$1.41, for a total value of C$28,200.00. In other news, Director Jay Kaplowitz sold 116,800 shares of Rusoro Mining stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$1.35, for a total transaction of C$157,680.00. Also, Director Vladimir Pavlovich Agapov sold 20,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$1.41, for a total value of C$28,200.00. Insiders sold 159,500 shares of company stock worth $215,911 over the last ninety days. 29.16% of the stock is currently 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.