Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) dropped 11.3% during mid-day trading on Monday . The company traded as low as C$0.84 and last traded at C$0.86. Approximately 430,193 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 167,978 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Down 16.5 %
The company’s fifty day simple moving average is C$0.81 and its 200 day simple moving average is C$0.90. The firm has a market capitalization of C$355.41 million, a PE ratio of -7.66 and a beta of 1.27.
Insider Activity at Rusoro Mining
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 value of C$74,250.00. 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.
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