Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) traded down 13.4% during mid-day trading on Monday . The company traded as low as C$0.84 and last traded at C$0.84. 444,693 shares were traded during mid-day trading, an increase of 163% from the average session volume of 169,018 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Performance
The business’s 50 day simple moving average is C$0.82 and its 200-day simple moving average is C$0.89. The company has a market cap of C$372.96 million, a price-to-earnings ratio of -8.04 and a beta of 1.27.
Insider Activity at Rusoro Mining
In other news, Director Anthony John Beruschi sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total transaction of C$74,250.00. Over the last 90 days, insiders sold 102,100 shares of company stock valued at $102,434. Insiders own 29.16% of the company’s stock.
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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