Rusoro Mining (CVE:RML) Stock Price Up 7.9% – Time to Buy?

Shares of Rusoro Mining Ltd. (CVE:RML) rose 7.9% on Thursday . The stock traded as high as C$0.68 and last traded at C$0.68. Approximately 1,031,500 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 753,988 shares. The stock had previously closed at C$0.63.

Rusoro Mining Stock Up 33.3 %

The firm has a market cap of C$515.77 million, a PE ratio of -12.60 and a beta of 1.27. The company has a 50-day simple moving average of C$0.99 and a two-hundred day simple moving average of C$1.23.

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 Rusoro Mining news, Director Jay Kaplowitz sold 116,800 shares of the firm’s stock in a transaction dated 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 Rusoro Mining stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$1.31, for a total value of C$26,224.00. In the last three months, insiders have sold 159,500 shares of company stock worth $215,911. 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.