Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) fell 15.5% during trading on Monday . 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 Stock Up 2.4 %
The business’s 50 day moving average is C$0.82 and its 200-day moving average is C$0.89. The firm has a market capitalization of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27.
Insider Buying and Selling
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total value of C$74,250.00. Insiders sold a total of 102,100 shares of company stock worth $102,434 in the last three months. 29.16% of the stock is owned by corporate 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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