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

Rusoro Mining Ltd. (CVE:RML) fell 15.5% during mid-day trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.82. 963,986 shares changed hands 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 Trading Up 2.4 %

The business has a fifty 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 PE 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 company’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 transaction of C$74,250.00. In the last three months, insiders have sold 102,100 shares of company stock worth $102,434. 29.16% of the stock is currently owned by 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.