Rusoro Mining (CVE:RML) Shares Down 15.5% - Here's Why

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price fell 15.5% on Tuesday . The company traded as low as C$0.71 and last traded at C$0.82. 958,486 shares traded hands during trading, an increase of 429% from the average session volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Trading Up 0.6 %

The company has a market cap of C$381.73 million, a PE ratio of -8.23 and a beta of 1.27. The company has a fifty day simple moving average of C$0.83 and a two-hundred day simple moving average of C$0.89.

Insider Buying and Selling at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders have sold a total of 102,100 shares of company stock worth $102,434 over the last ninety days. 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.