Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) dropped 22.7% on Monday . The company traded as low as C$0.71 and last traded at C$0.75. Approximately 631,043 shares were traded during mid-day trading, an increase of 263% from the average daily volume of 173,648 shares. The stock had previously closed at C$0.97.
Rusoro Mining Trading Up 3.7 %
The firm has a 50 day moving average price of C$0.82 and a 200-day moving average price of C$0.89. The firm has a market cap of C$372.96 million, a price-to-earnings ratio of -8.04 and a beta of 1.27.
Insiders Place Their Bets
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction on 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 quarter, insiders sold 102,100 shares of company stock worth $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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