Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) fell 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 traded 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 Price Performance
The company has a 50 day moving average of C$0.82 and a 200-day moving average of C$0.89. The company has a market cap of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27.
Insider Transactions 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 value of C$74,250.00. Over the last 90 days, insiders sold 102,100 shares of company stock valued at $102,434. 29.16% of the stock is owned by corporate 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.
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