Rusoro Mining (CVE:RML) Shares Down 14.4% – What’s Next?

Rusoro Mining Ltd. (CVE:RML)’s stock price traded down 14.4% during trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.83. 812,477 shares changed hands during trading, an increase of 356% from the average session volume of 178,202 shares. The stock had previously closed at C$0.97.

Rusoro Mining Price Performance

The business 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 capitalization of C$359.80 million, a price-to-earnings ratio of -7.75 and a beta of 1.27.

Insider Activity at Rusoro Mining

In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total value of C$74,250.00. 29.16% of the stock is currently owned by corporate 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.