Rusoro Mining Ltd. (CVE:RML – Get Free Report) fell 15.5% during mid-day trading on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. 958,486 shares changed hands during mid-day trading, an increase of 429% from the average session volume of 181,044 shares. The stock had previously closed at C$0.97.
Rusoro Mining Price Performance
The company has a fifty day simple moving average of C$0.81 and a 200-day simple moving average of C$0.89. The company has a market cap of C$359.80 million, a P/E ratio of -7.75 and a beta of 1.27.
Insider Transactions at Rusoro Mining
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the company’s stock in a transaction dated 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.
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