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

Rusoro Mining Ltd. (CVE:RML)’s share price dropped 15.5% 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 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 Trading Up 2.4 %

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

Insiders Place Their Bets

In related news, Director Anthony John Beruschi sold 75,000 shares of the firm’s stock in a transaction dated 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 valued at $102,434 over the last 90 days. Insiders own 29.16% of the company’s stock.

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.