Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares traded down 5.5% on Thursday . The stock traded as low as C$0.85 and last traded at C$0.86. 128,800 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 723,759 shares. The stock had previously closed at C$0.91.
Rusoro Mining Price Performance
The company has a market capitalization of C$558.75 million, a P/E ratio of -18.20 and a beta of 1.27. The business’s 50-day moving average price is C$0.84 and its two-hundred day moving average price is C$1.17.
Insiders Place Their Bets
In other news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$1.41, for a total value of C$28,200.00. Insiders sold 42,700 shares of company stock worth $58,231 over the last ninety days. 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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