Rusoro Mining (CVE:RML) Trading Down 5.5% – Here’s Why

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

Rusoro Mining Stock Up 5.8 %

The stock has a market capitalization of C$558.75 million, a P/E ratio of -18.20 and a beta of 1.27. The stock has a 50 day simple moving average of C$0.84 and a two-hundred day simple moving average of C$1.17.

Insider Buying and Selling

In related news, Director Vladimir Pavlovich Agapov sold 20,000 shares of Rusoro Mining stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$1.31, for a total transaction of C$26,224.00. Over the last three months, insiders have sold 42,700 shares of company stock worth $58,231. Insiders own 29.16% of the company’s stock.

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.