Rusoro Mining (CVE:RML) Trading Down 13.4% – Time to Sell?

Rusoro Mining Ltd. (CVE:RML) shares were down 13.4% on Monday . The stock traded as low as C$0.84 and last traded at C$0.84. Approximately 444,693 shares traded hands during trading, an increase of 163% from the average daily volume of 169,018 shares. The stock had previously closed at C$0.97.

Rusoro Mining Price Performance

The firm has a market capitalization of C$372.96 million, a PE ratio of -8.04 and a beta of 1.27. The firm has a fifty day moving average price of C$0.82 and a 200 day moving average price of C$0.89.

Insiders Place Their Bets

In other news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders sold a total of 102,100 shares of company stock worth $102,434 over the last ninety days. 29.16% of the stock is currently owned by company 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.