Rusoro Mining (CVE:RML) Trading Down 22.7% – Here’s Why

Rusoro Mining Ltd. (CVE:RML)’s share price dropped 22.7% on Monday . The company traded as low as C$0.71 and last traded at C$0.75. Approximately 631,043 shares traded hands during mid-day trading, an increase of 263% from the average daily volume of 173,648 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Up 3.7 %

The stock has a fifty day moving average of C$0.82 and a two-hundred day moving average of C$0.89. The stock has a market cap of C$372.96 million, a price-to-earnings ratio of -8.04 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 that occurred 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. Insiders have sold a total of 102,100 shares of company stock valued at $102,434 in the last ninety days. 29.16% of the stock is currently owned by company 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.