Rusoro Mining (CVE:RML) Stock Price Up 15.3% – What’s Next?

Rusoro Mining Ltd. (CVE:RML)’s stock price rose 15.3% during mid-day trading on Monday . The stock traded as high as C$1.05 and last traded at C$0.98. Approximately 485,008 shares changed hands during trading, an increase of 289% from the average daily volume of 124,538 shares. The stock had previously closed at C$0.85.

Rusoro Mining Stock Performance

The stock has a fifty day moving average of C$0.77 and a 200-day moving average of C$0.93. The company has a market cap of C$412.45 million, a PE ratio of -8.89 and a beta of 1.27.

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.