Rusoro Mining (CVE:RML) Shares Down 15.5% – Here’s Why

Shares of Rusoro Mining Ltd. (CVE:RML) traded down 15.5% during mid-day trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. 958,486 shares changed hands during mid-day trading, an increase of 429% from the average session volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Trading Up 2.4 %

The firm has a market capitalization of C$381.73 million, a PE ratio of -8.23 and a beta of 1.27. The firm’s fifty day moving average price is C$0.82 and its 200 day moving average price is C$0.89.

Insider Buying and Selling at Rusoro Mining

In related news, Director Anthony John Beruschi sold 75,000 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold 102,100 shares of company stock worth $102,434 over the last 90 days. 29.16% of the stock is currently owned by corporate 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.