Rusoro Mining (CVE:RML) Shares Down 15.5% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) traded down 15.5% on Tuesday . The company traded as low as C$0.71 and last traded at C$0.82. 958,486 shares were traded during trading, an increase of 429% from the average session volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The company has a fifty day simple moving average of C$0.82 and a two-hundred day simple moving average of C$0.89. The firm has a market capitalization of C$381.73 million, a PE ratio of -8.23 and a beta of 1.27.

Insider Buying and Selling

In other news, Director Anthony John Beruschi sold 75,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value 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. 29.16% of the stock is 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.