Rusoro Mining (CVE:RML) Trading Down 15.5% - What's Next?

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

Rusoro Mining Stock Performance

The firm has a fifty day simple moving average of C$0.83 and a 200 day simple moving average of C$0.89. The company has a market cap of C$381.73 million, a PE ratio of -8.23 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 business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total transaction of C$74,250.00. Over the last three months, insiders sold 102,100 shares of company stock worth $102,434. 29.16% of the stock is owned by company 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.