Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares shot up 4.7% during trading on Tuesday. The company traded as high as C$1.11 and last traded at C$1.11. 313,457 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 472,934 shares. The stock had previously closed at C$1.06.
Rusoro Mining Trading Up 4.7%
The firm has a market cap of C$710.70 million, a P/E ratio of -2.77 and a beta of -0.17. The business has a 50-day moving average of C$1.16 and a two-hundred day moving average of C$1.13.
Insider Activity at Rusoro Mining
In other Rusoro Mining news, Director Gordon Keep sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$1.20, for a total transaction of C$1,200,000.00. Following the sale, the director directly owned 11,583,000 shares of the company’s stock, valued at C$13,899,600. The trade was a 7.95% decrease in their position. Also, insider L.P. Silver Point Capital purchased 5,250,527 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of C$1.19 per share, with a total value of C$6,248,127.13. Following the completion of the transaction, the insider owned 87,137,870 shares in the company, valued at approximately C$103,694,065.30. This trade represents a 6.41% increase in their position. Insiders bought 6,860,800 shares of company stock valued at $8,162,880 in the last ninety days. 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. in November 2006. The company is headquartered in Vancouver, Canada.
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