Rusoro Mining (CVE:RML) Shares Down 5.7% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) shares traded down 5.7% on Monday . The company traded as low as C$0.66 and last traded at C$0.66. 50,005 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 766,510 shares. The stock had previously closed at C$0.70.

Rusoro Mining Stock Down 5.7 %

The stock has a market capitalization of C$405.25 million, a price-to-earnings ratio of -13.20 and a beta of 1.27. The business has a 50-day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.26.

Rusoro Mining (CVE:RML) last announced its quarterly earnings data on Tuesday, August 27th. The company reported C($0.03) EPS for the quarter.

Insider Activity

In other news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$1.31, for a total transaction of C$26,224.00. In other Rusoro Mining news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$1.31, for a total transaction of C$26,224.00. Also, Director Jay Kaplowitz sold 116,800 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$1.35, for a total transaction of C$157,680.00. In the last 90 days, insiders sold 159,500 shares of company stock worth $215,911. 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.