Rusoro Mining Ltd. (CVE:RML – Get Free Report) was down 16.5% on Monday . The company traded as low as C$0.71 and last traded at C$0.81. Approximately 759,343 shares changed hands during mid-day trading, an increase of 329% from the average daily volume of 177,122 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Up 2.4 %
The firm’s 50 day moving average is C$0.82 and its 200 day moving average is C$0.89. The firm has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27.
Insider Buying and Selling
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. In the last quarter, insiders have sold 102,100 shares of company stock valued at $102,434. 29.16% of the stock is owned by corporate 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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