Rusoro Mining (CVE:RML) Trading Down 15.5% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML)’s stock price fell 15.5% during trading 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 firm’s 50-day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.89. The stock has a market cap of C$381.73 million, a price-to-earnings 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 on Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders sold 102,100 shares of company stock worth $102,434 in the last quarter. Insiders own 29.16% of the company’s stock.

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.