Rusoro Mining (CVE:RML) Stock Price Down 5.7% – Here’s Why

Rusoro Mining Ltd. (CVE:RML) fell 5.7% during trading on Monday . The stock traded as low as C$0.66 and last traded at C$0.66. Approximately 50,005 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 766,510 shares. The stock had previously closed at C$0.70.

Rusoro Mining Price Performance

The firm has a 50 day moving average price of C$1.06 and a 200-day moving average price of C$1.25. The firm has a market cap of C$405.25 million, a price-to-earnings ratio of -13.20 and a beta of 1.27.

Rusoro Mining (CVE:RML) last issued its quarterly earnings data on Tuesday, August 27th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Insider Transactions at Rusoro Mining

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$1.31, for a total value of C$26,224.00. In other news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$1.31, for a total value of C$26,224.00. Also, Director Jay Kaplowitz sold 116,800 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$1.35, for a total transaction of C$157,680.00. Insiders have sold a total of 159,500 shares of company stock valued at $215,911 over the last 90 days. 29.16% of the stock is owned by corporate 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.