Rusoro Mining (CVE:RML) Stock Price Up 1.8% – What’s Next?

Rusoro Mining Ltd. (CVE:RML)’s share price rose 1.8% during trading on Wednesday . The company traded as high as C$1.14 and last traded at C$1.12. Approximately 66,100 shares changed hands during trading, a decline of 90% from the average daily volume of 645,477 shares. The stock had previously closed at C$1.10.

Rusoro Mining Trading Up 1.8%

The company has a 50 day moving average price of C$1.13 and a 200-day moving average price of C$1.10. The company has a market cap of C$707.56 million, a P/E ratio of -2.67 and a beta of -1.59.

Insider Activity

In other Rusoro Mining news, Director Andre Vladimir Agapov purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of C$1.05 per share, for a total transaction of C$105,000.00. Following the purchase, the director owned 61,130,367 shares in the company, valued at approximately C$64,186,885.35. This trade represents a 0.16% increase in their position. 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.