Rusoro Mining (CVE:RML) Stock Price Down 18.6% – Here’s Why

Rusoro Mining Ltd. (CVE:RML) shares were down 18.6% during trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.79. Approximately 711,843 shares were traded 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 Trading Up 3.7 %

The business has a 50-day moving average of C$0.82 and a 200 day moving average of C$0.89. The firm has a market capitalization of C$372.96 million, a P/E ratio of -8.04 and a beta of 1.27.

Insider Activity

In other Rusoro Mining news, Director Anthony John Beruschi sold 75,000 shares of the company’s 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 sold a total of 102,100 shares of company stock valued at $102,434 over the last three months. Corporate insiders own 29.16% of the company’s stock.

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.