Rusoro Mining Ltd. (CVE:RML – Get Free Report) dropped 13.4% during mid-day trading on Monday . The stock traded as low as C$0.84 and last traded at C$0.84. Approximately 444,693 shares were traded during mid-day trading, an increase of 163% from the average daily volume of 169,018 shares. The stock had previously closed at C$0.97.
Rusoro Mining Trading Down 16.5 %
The stock has a 50-day moving average of C$0.81 and a 200-day moving average of C$0.90. The firm has a market cap of C$355.41 million, a price-to-earnings ratio of -7.66 and a beta of 1.27.
Insider Buying and Selling
In other news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining 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. Corporate 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.
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