Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares fell 15.5% on Monday . The stock traded as low as C$0.71 and last traded at C$0.82. 958,486 shares were traded during 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 Stock Performance
The stock has a fifty day simple moving average of C$0.82 and a two-hundred day simple 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.
Insiders Place Their Bets
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the 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 value of C$74,250.00. Over the last ninety days, insiders sold 102,100 shares of company stock worth $102,434. 29.16% of the stock is currently owned by company 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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