Rusoro Mining Ltd. (CVE:RML – Get Free Report) dropped 16.5% during mid-day trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.81. Approximately 759,343 shares were traded during trading, an increase of 329% from the average daily volume of 177,122 shares. The stock had previously closed at C$0.97.
Rusoro Mining Price Performance
The company has a market capitalization of C$364.18 million, a P/E ratio of -7.85 and a beta of 1.27. The firm’s 50-day moving average is C$0.81 and its 200-day moving average is C$0.90.
Insider Activity
In related news, Director Anthony John Beruschi sold 75,000 shares of the business’s stock in a transaction that occurred 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 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.
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