Rusoro Mining Ltd. (CVE:RML – Get Free Report)’s stock price dropped 15.5% during trading on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares traded hands 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 Trading Up 2.4 %
The firm has a market cap of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27. The company’s fifty day moving average price is C$0.82 and its two-hundred day moving average price is C$0.89.
Insiders Place Their Bets
In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction 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 have sold 102,100 shares of company stock valued at $102,434. 29.16% of the stock is currently owned by 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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