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

Shares of Rusoro Mining Ltd. (CVE:RML - Get Free Report) were down 15.5% during mid-day trading on Tuesday . The company traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares traded hands during 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 Price Performance

The company has a market capitalization of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The firm has a fifty day simple moving average of C$0.83 and a 200 day simple moving average of C$0.88.

Insider Activity at Rusoro Mining

In related news, Director Anthony John Beruschi sold 75,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. In the last quarter, insiders have sold 102,100 shares of company stock valued at $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.