Rusoro Mining (CVE:RML) Stock Price Down 4.5% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML)’s stock price dropped 4.5% during trading on Tuesday . The stock traded as low as C$1.05 and last traded at C$1.05. Approximately 1,450 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 498,909 shares. The stock had previously closed at C$1.10.

Rusoro Mining Trading Down 4.5%

The firm has a market cap of C$666.78 million, a P/E ratio of -2.44 and a beta of 0.01. The company’s fifty day moving average price is C$1.12 and its two-hundred day moving average price is C$1.12.

Insiders Place Their Bets

In other news, Director Andre Vladimir Agapov acquired 50,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of C$1.10 per share, with a total value of C$55,000.00. Following the completion of the acquisition, the director owned 61,180,367 shares in the company, valued at approximately C$67,298,403.70. This represents a 0.08% increase in their position. Corporate insiders own 29.16% of the company’s stock.

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. in November 2006. The company is headquartered in Vancouver, Canada.