Rusoro Mining (CVE:RML) Stock Price Down 15.5% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML)’s stock price was down 15.5% during mid-day trading on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares were traded during mid-day trading, an increase of 429% from the average daily volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Up 2.4 %

The company has a market cap of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The business has a fifty day simple moving average of C$0.82 and a 200 day simple moving average of C$0.89.

Insider Activity

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 stock was sold at an average price of C$0.99, for a total value of C$74,250.00. Insiders sold 102,100 shares of company stock worth $102,434 in 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.