Rusoro Mining (CVE:RML) Trading Down 18.6% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML) shares dropped 18.6% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.79. Approximately 711,843 shares traded hands during mid-day trading, an increase of 303% from the average daily volume of 176,541 shares. The stock had previously closed at C$0.97.

Rusoro Mining Price Performance

The firm has a fifty day moving average of C$0.82 and a 200 day moving average of C$0.89. 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.

Insider Transactions at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders have sold 102,100 shares of company stock valued at $102,434 in the last 90 days. 29.16% of the stock is currently 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.