Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares dropped 18.6% 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 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 business’s 50-day moving average price is C$0.81 and its two-hundred day moving average price is C$0.90.
Insiders Place Their Bets
In related news, Director Anthony John Beruschi sold 75,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. 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.
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