Rusoro Mining (CVE:RML) Shares Up 17.6% – Here’s Why

Rusoro Mining Ltd. (CVE:RML) was up 17.6% on Monday . The stock traded as high as C$1.01 and last traded at C$1.00. Approximately 285,508 shares changed hands during mid-day trading, an increase of 142% from the average daily volume of 117,853 shares. The stock had previously closed at C$0.85.

Rusoro Mining Price Performance

The firm has a 50 day moving average of C$0.77 and a 200-day moving average of C$0.93. The stock has a market capitalization of C$430.00 million, a P/E ratio of -9.27 and a beta of 1.27.

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.