Rusoro Mining (CVE:RML) Stock Price Down 5.5% - Here's Why

Rusoro Mining Ltd. (CVE:RML - Get Free Report) shares were down 5.5% during mid-day trading on Thursday . The stock traded as low as C$0.85 and last traded at C$0.86. Approximately 128,800 shares were traded during trading, a decline of 82% from the average daily volume of 723,759 shares. The stock had previously closed at C$0.91.

Rusoro Mining Stock Up 5.8 %

The firm has a market cap of C$558.75 million, a P/E ratio of -17.20 and a beta of 1.27. The firm has a fifty day moving average of C$0.84 and a 200-day moving average of C$1.18.

Insider Buying and Selling

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$1.41, for a total value of C$28,200.00. Insiders sold a total of 42,700 shares of company stock valued at $58,231 over the last ninety days. Insiders own 29.16% of the company's stock.

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.