Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) were up 2.6% during trading on Thursday . The stock traded as high as C$1.21 and last traded at C$1.20. Approximately 191,304 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 522,884 shares. The stock had previously closed at C$1.17.
Rusoro Mining Stock Performance
The business’s 50 day moving average price is C$1.14 and its 200-day moving average price is C$1.13. The company has a market cap of C$774.73 million, a price-to-earnings ratio of -3.02 and a beta of -0.23.
Insider Buying and Selling
In other Rusoro Mining news, Director Gordon Keep sold 1,000,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$1.20, for a total value of C$1,200,000.00. Following the sale, the director directly owned 11,583,000 shares in the company, valued at C$13,899,600. This represents a 7.95% decrease in their ownership of the stock. Also, insider L.P. Silver Point Capital acquired 5,250,527 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of C$1.19 per share, with a total value of C$6,248,127.13. Following the completion of the acquisition, the insider owned 87,137,870 shares of the company’s stock, valued at approximately C$103,694,065.30. This trade represents a 6.41% increase in their position. Insiders purchased 6,900,700 shares of company stock worth $8,205,659 in the last 90 days. 29.16% of the stock is owned by company 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. in November 2006. The company is headquartered in Vancouver, Canada.
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