Rusoro Mining (CVE:RML) Trading Down 22.7% - What's Next?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price was down 22.7% on Monday . The company traded as low as C$0.71 and last traded at C$0.75. Approximately 631,043 shares were traded during trading, an increase of 263% from the average daily volume of 173,648 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The company's 50 day simple moving average is C$0.82 and its 200-day simple moving average is C$0.89. The firm has a market capitalization of C$381.73 million, a PE ratio of -8.23 and a beta of 1.27.

Insider Buying and Selling

In related news, Director Anthony John Beruschi sold 75,000 shares of the firm'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 value of C$74,250.00. Over the last quarter, insiders have sold 102,100 shares of company stock worth $102,434. 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.