Rusoro Mining (CVE:RML) Shares Down 18.6% - What's Next?

Shares of Rusoro Mining Ltd. (CVE:RML - Get Free Report) fell 18.6% during trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.79. 711,843 shares were traded during mid-day trading, an increase of 303% from the average session volume of 176,541 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Up 0.6 %

The company has a market capitalization of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27. The business's 50-day moving average is C$0.82 and its two-hundred day moving average is C$0.89.

Insiders Place Their Bets

In other news, Director Anthony John Beruschi sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total value of C$74,250.00. Insiders have sold a total of 102,100 shares of company stock valued at $102,434 in the last 90 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.