Rusoro Mining (CVE:RML) Reaches New 52-Week High - Should You Buy?

Key Points

• Rusoro Mining Ltd.'s stock price hit a new 52-week high of C$1.42 during mid-day trading, with a significant trading volume of 1,647,651 shares.
• The company has a market capitalization of C$842.21 million and a reported P/E ratio of -10.38, indicating potential volatility in its earnings.
• Insider transactions revealed that Director Anthony John Beruschi sold 30,000 shares at an average price of C$0.95, with insiders owning 29.16% of the stock.

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$1.42 and last traded at C$1.42, with a volume of 1647651 shares changing hands. The stock had previously closed at C$1.36.

Rusoro Mining Trading Down 2.2%

The firm has a market cap of C$848.45 million, a P/E ratio of -10.46 and a beta of 1.15. The business has a 50-day moving average price of C$1.17 and a 200-day moving average price of C$0.94.

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.