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Rusoro Mining (CVE:RML) Hits New 52-Week High - Time to Buy?

Rusoro Mining logo with Basic Materials background

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.
  • Interested in Rusoro Mining? Here are five stocks we like better.

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

Rusoro Mining Price Performance

The stock has a market cap of C$842.21 million, a P/E ratio of -10.38 and a beta of 1.15. The company has a fifty day moving average of C$1.18 and a 200 day moving average of C$0.95.

Rusoro Mining Company Profile

(Get Free Report)

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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