Rusoro Mining Ltd. (CVE:RML – Get Free Report) fell 15.5% during mid-day trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. 963,986 shares were traded during mid-day trading, an increase of 437% from the average session volume of 179,508 shares. The stock had previously closed at C$0.97.
Rusoro Mining Trading Down 15.5 %
The firm has a market capitalization of C$359.80 million, a price-to-earnings ratio of -7.75 and a beta of 1.27. The firm’s 50-day moving average is C$0.81 and its 200 day moving average is C$0.90.
Insider Buying and Selling
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 stock was sold at an average price of C$0.99, for a total value of C$74,250.00. 29.16% of the stock is currently owned by 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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