Rusoro Mining (CVE:RML) Stock Price Down 6% - Here's Why

Key Points

• Rusoro Mining's stock price dropped by 6% to C$1.25, following a previous close of C$1.33, with 195,836 shares exchanging hands during the trading session.
• Insider transactions revealed that Director Anthony John Beruschi sold 30,000 shares at an average price of C$0.95, contributing to overall insider sales of 332,500 shares worth $307,325 over the past three months.
• The company, which specializes in gold mineral properties in Venezuela, has a market cap of C$764.13 million and an unfavorable price-to-earnings ratio of -9.54.

Rusoro Mining Ltd. (CVE:RML - )'s stock price fell 6% on Tuesday . The stock traded as low as C$1.25 and last traded at C$1.25. 195,836 shares traded hands during trading, an increase of 8% from the average session volume of 180,822 shares. The stock had previously closed at C$1.33.

Rusoro Mining Stock Down 6.8%

The stock has a market capitalization of C$764.13 million, a price-to-earnings ratio of -9.54 and a beta of 1.11. The firm has a 50-day moving average of C$1.11 and a two-hundred day moving average of C$0.89.

Insider Buying and Selling at Rusoro Mining

In other news, Director Anthony John Beruschi sold 30,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$0.95, for a total transaction of C$28,500.00. Over the last three months, insiders sold 332,500 shares of company stock worth $307,325. 29.16% of the stock is owned by company insiders.

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.

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