Rusoro Mining Ltd. (CVE:RML – Get Free Report) fell 16.5% on Monday . The stock traded as low as C$0.71 and last traded at C$0.81. 759,343 shares were traded during mid-day trading, an increase of 329% from the average session volume of 177,122 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Up 2.4 %
The firm has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The company’s fifty day moving average is C$0.82 and its two-hundred day moving average is C$0.89.
Insider Activity
In related 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. Insiders have sold a total of 102,100 shares of company stock valued at $102,434 in the last 90 days. 29.16% of the stock is owned by company 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.
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