Rusoro Mining (CVE:RML) Trading 7.9% Higher – Should You Buy?

Rusoro Mining Ltd. (CVE:RML)’s stock price traded up 7.9% during mid-day trading on Thursday . The company traded as high as C$0.68 and last traded at C$0.68. 1,031,500 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 753,988 shares. The stock had previously closed at C$0.63.

Rusoro Mining Trading Up 2.4 %

The company has a market cap of C$521.91 million, a price-to-earnings ratio of -17.00 and a beta of 1.27. The stock’s 50 day moving average price is C$0.98 and its 200 day moving average price is C$1.23.

Rusoro Mining (CVE:RML) last released its quarterly earnings data on Tuesday, August 27th. The company reported C($0.03) EPS for the quarter.

Insider Activity at Rusoro Mining

In other Rusoro Mining news, Director Jay Kaplowitz sold 116,800 shares of Rusoro Mining stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$1.35, for a total transaction of C$157,680.00. Also, Director Vladimir Pavlovich Agapov sold 20,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$1.41, for a total value of C$28,200.00. In the last 90 days, insiders have sold 159,500 shares of company stock worth $215,911. 29.16% of the stock is currently owned by corporate 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.