Rusoro Mining (CVE:RML) Trading Down 4.9% - Should You Sell?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s stock price traded down 4.9% during trading on Monday . The stock traded as low as C$0.58 and last traded at C$0.58. 39,000 shares changed hands during trading, a decline of 77% from the average session volume of 170,853 shares. The stock had previously closed at C$0.61.

Rusoro Mining Trading Down 3.2 %

The company's 50 day moving average is C$0.78 and its 200 day moving average is C$0.78. The stock has a market capitalization of C$263.26 million, a price-to-earnings ratio of -5.67 and a beta of 1.27.

Insider Activity

In other news, Director Anthony John Beruschi sold 75,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. Also, Director Vladimir Pavlovich Agapov purchased 100,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of C$0.70 per share, with a total value of C$69,870.00. Over the last three months, insiders sold 110,100 shares of company stock valued at $109,314. 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.