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Rusoro Mining (CVE:RML) Trading Down 4.9% - What's Next?

Rusoro Mining logo with Basic Materials background

Rusoro Mining Ltd. (CVE:RML - Get Free Report) shares fell 4.9% on Monday . The company traded as low as C$0.58 and last traded at C$0.58. 39,000 shares traded 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 Price Performance

The stock has a market cap of C$263.26 million, a P/E ratio of -5.67 and a beta of 1.27. The firm has a 50 day simple moving average of C$0.78 and a 200-day simple moving average of C$0.78.

Insider Activity at Rusoro Mining

In related news, Director Anthony John Beruschi sold 75,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total value of C$74,250.00. Also, Director Vladimir Pavlovich Agapov acquired 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. Insiders sold 110,100 shares of company stock worth $109,314 in the last ninety days. 29.16% of the stock is owned by company insiders.

About Rusoro Mining

(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.

Further Reading

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