Insider Buying: Rusoro Mining (CVE:RML) Director Purchases C$12,221.00 in Stock

Rusoro Mining Ltd. (CVE:RML) Director Anthony John Beruschi acquired 10,100 shares of the company’s stock in a transaction on Friday, September 18th. The stock was bought at an average cost of C$1.21 per share, with a total value of C$12,221.00. Following the completion of the acquisition, the director directly owned 2,963,600 shares in the company, valued at approximately C$3,585,956. This represents a 0.34% increase in their ownership of the stock.

Rusoro Mining Stock Performance

Rusoro Mining stock remained flat at C$1.22 during trading hours on Tuesday. 2,049 shares of the company’s stock were exchanged, compared to its average volume of 502,640. The stock has a fifty day moving average price of C$1.15 and a 200 day moving average price of C$1.14. The company has a market cap of C$781.13 million, a P/E ratio of -3.05 and a beta of -0.23. Rusoro Mining Ltd. has a 12-month low of C$0.85 and a 12-month high of C$1.34.

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.