Shares of Rusoro Mining Ltd. (CVE:RML - Get Free Report) dropped 11.3% on Monday . The stock traded as low as C$0.84 and last traded at C$0.86. Approximately 430,193 shares traded hands during trading, an increase of 156% from the average daily volume of 167,978 shares. The stock had previously closed at C$0.97.
Rusoro Mining Stock Performance
The stock has a market cap of C$386.12 million, a price-to-earnings ratio of -8.32 and a beta of 1.27. The business's 50 day moving average is C$0.82 and its 200-day moving average is C$0.89.
Insider Activity at Rusoro Mining
In other Rusoro Mining 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. In the last ninety days, insiders sold 102,100 shares of company stock valued at $102,434. 29.16% of the stock is owned by insiders.
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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