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

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

Rusoro Mining Stock Performance

The stock has a market capitalization of C$372.96 million, a price-to-earnings ratio of -8.04 and a beta of 1.27. The company has a 50 day moving average of C$0.82 and a 200 day moving average of C$0.89.

Insider Buying and Selling at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of the business’s 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. Insiders have sold a total of 102,100 shares of company stock worth $102,434 over the last ninety days. Corporate insiders own 29.16% of the company’s stock.

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.