Rusoro Mining (CVE:RML) Shares Up 16.5% – Here’s Why

Rusoro Mining Ltd. (CVE:RML)’s share price traded up 16.5% on Monday . The stock traded as high as C$1.05 and last traded at C$0.99. 523,408 shares were traded during trading, an increase of 314% from the average session volume of 126,321 shares. The stock had previously closed at C$0.85.

Rusoro Mining Stock Up 3.2 %

The company’s fifty day moving average price is C$0.78 and its two-hundred day moving average price is C$0.92. The company has a market cap of C$430.00 million, a price-to-earnings ratio of -9.27 and a beta of 1.27.

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.