Rusoro Mining (CVE:RML) Shares Down 15.5% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML)’s share price was down 15.5% during mid-day trading on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares were traded during mid-day trading, an increase of 429% from the average daily volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Price Performance

The firm’s 50 day moving average price is C$0.81 and its 200-day moving average price is C$0.89. The stock has a market cap of C$359.80 million, a P/E 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 business’s 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 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.