Rusoro Mining Ltd. (CVE:RML – Get Free Report)’s stock price was down 16.5% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.81. Approximately 759,343 shares were traded during trading, an increase of 329% from the average daily volume of 177,122 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Performance
The stock has a market cap of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The firm’s 50-day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.89.
Insider Activity
In other news, Director Anthony John Beruschi sold 75,000 shares of the business’s stock in a transaction 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. Insiders have sold 102,100 shares of company stock valued at $102,434 over the last three months. 29.16% of the stock is 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.
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