Rusoro Mining (CVE:RML) Trading Up 0.9% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) shot up 0.9% on Tuesday . The company traded as high as C$1.16 and last traded at C$1.15. Approximately 148,525 shares were traded during trading, a decline of 69% from the average daily volume of 474,994 shares. The stock had previously closed at C$1.14.

Rusoro Mining Trading Up 0.9%

The firm has a market cap of C$730.28 million, a price-to-earnings ratio of -2.67 and a beta of -0.18. The company has a fifty day moving average price of C$1.12 and a 200-day moving average price of C$1.13.

Insider Transactions at Rusoro Mining

In related news, Director Andre Vladimir Agapov bought 50,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of C$1.10 per share, for a total transaction of C$55,000.00. Following the completion of the transaction, the director directly owned 61,180,367 shares in the company, valued at C$67,298,403.70. This trade represents a 0.08% increase in their ownership of the stock. 29.16% of the stock is currently owned by 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. in November 2006. The company is headquartered in Vancouver, Canada.