Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares shot up 18.8% on Monday . The company traded as high as C$1.05 and last traded at C$1.01. 444,508 shares traded hands during trading, an increase of 260% from the average session volume of 123,603 shares. The stock had previously closed at C$0.85.
Rusoro Mining Stock Up 11.8 %
The firm has a market capitalization of C$416.84 million, a price-to-earnings ratio of -8.98 and a beta of 1.27. The company’s fifty day moving average is C$0.77 and its two-hundred day moving average is C$0.93.
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.
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