Rusoro Mining (CVE:RML) Stock Price Down 3.7% - Should You Sell?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price traded down 3.7% on Friday . The stock traded as low as C$1.15 and last traded at C$1.17. 110,600 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 181,391 shares. The stock had previously closed at C$1.21.

Rusoro Mining Stock Down 3.4%

The company has a market cap of C$500.20 million, a P/E ratio of -10.78 and a beta of 1.27. The firm's 50 day moving average is C$0.82 and its two-hundred day moving average is C$0.79.

Insider Buying and Selling

In other Rusoro Mining news, Director Anthony John Beruschi sold 30,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$0.95, for a total transaction of C$28,500.00. Insiders have sold a total of 332,500 shares of company stock worth $307,325 over the last quarter. Corporate 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.