Rusoro Mining (CVE:RML) Shares Down 14.4% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) shares were down 14.4% on Monday . The company traded as low as C$0.71 and last traded at C$0.83. Approximately 812,477 shares traded hands during mid-day trading, an increase of 356% from the average daily volume of 178,202 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The company has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The stock’s fifty day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.89.

Insider Buying and Selling at Rusoro Mining

In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the firm’s 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. In the last quarter, insiders have sold 102,100 shares of company stock worth $102,434. 29.16% of the stock is currently owned by company 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.