Rusoro Mining (CVE:RML) Stock Price Down 15.5% – Time to Sell?

Shares of Rusoro Mining Ltd. (CVE:RML) were down 15.5% during mid-day trading on Tuesday . The company traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares changed hands during trading, an increase of 429% from the average daily volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Down 15.5 %

The company has a market capitalization of C$359.80 million, a price-to-earnings ratio of -7.75 and a beta of 1.27. The company has a 50 day simple moving average of C$0.81 and a 200 day simple moving average of C$0.89.

Insiders Place Their Bets

In other news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. 29.16% of the stock is owned by insiders.

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.