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Rusoro Mining (CVE:RML) Trading Up 18.8% - What's Next?

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Rusoro Mining Ltd. (CVE:RML - Get Free Report) shares were up 18.8% during mid-day trading on Monday . The company traded as high as C$1.05 and last traded at C$1.01. Approximately 444,508 shares changed hands during mid-day trading, an increase of 260% from the average daily volume of 123,603 shares. The stock had previously closed at C$0.85.

Rusoro Mining Price Performance

The firm has a 50-day simple moving average of C$0.78 and a 200 day simple moving average of C$0.92. The firm has a market cap of C$438.77 million, a PE ratio of -9.45 and a beta of 1.27.

About Rusoro Mining

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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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