Rusoro Mining Ltd. (CVE:RML – Get Free Report)’s share price traded down 15.5% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. 958,486 shares traded hands during 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 Performance
The stock has a market capitalization of C$359.80 million, a price-to-earnings ratio of -7.75 and a beta of 1.27. The company has a fifty day simple moving average of C$0.81 and a two-hundred day simple moving average of C$0.89.
Insider Buying and Selling
In related news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. 29.16% of the stock is currently owned by company 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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