Rusoro Mining (CVE:RML) Shares Down 15.5% – Time to Sell?

Rusoro Mining Ltd. (CVE:RMLGet Free Report)’s stock price 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. 963,986 shares were traded during mid-day trading, an increase of 437% from the average session volume of 179,508 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The company has a 50 day moving average of C$0.82 and a 200 day moving average of C$0.89. The stock has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27.

Insider Transactions at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction 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. Over the last ninety days, insiders sold 102,100 shares of company stock valued at $102,434. 29.16% of the stock is currently owned by corporate insiders.

Rusoro Mining Company Profile

(Get Free Report)

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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