Rusoro Mining (CVE:RML) Shares Down 15.5% - Should You Sell?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price traded down 15.5% during trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.82. 958,486 shares were traded during trading, an increase of 429% from the average session volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Trading Up 0.6 %

The stock's fifty day moving average price is C$0.83 and its 200 day moving average price is C$0.89. The stock has a market cap of C$381.73 million, a P/E ratio of -8.23 and a beta of 1.27.

Insiders Place Their Bets

In other news, Director Anthony John Beruschi sold 75,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was 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. 29.16% of the stock is currently owned by company insiders.

About Rusoro Mining

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.