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

Rusoro Mining Ltd. (CVE:RML - Get Free Report) dropped 15.5% on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares changed 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 Stock Performance

The stock has a market cap of C$381.73 million, a price-to-earnings ratio of -8.23 and a beta of 1.27. The stock has a fifty day simple moving average of C$0.83 and a two-hundred day simple moving average of C$0.88.

Insider Activity at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of the 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. Insiders have sold 102,100 shares of company stock valued at $102,434 over the last ninety days. 29.16% of the stock is owned by corporate 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.