Rusoro Mining (CVE:RML) Stock Price Down 6% - What's Next?

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 - Get Free Report)'s share price was down 6% during mid-day trading on Tuesday . The stock traded as low as C$1.25 and last traded at C$1.25. Approximately 195,836 shares were traded during trading, an increase of 8% from the average daily volume of 180,822 shares. The stock had previously closed at C$1.33.

Rusoro Mining Stock Performance

The company has a market capitalization of C$811.02 million, a P/E ratio of -10.00 and a beta of 1.15. The firm's fifty day moving average is C$1.13 and its 200-day moving average is C$0.91.

Insider Activity

In related news, Director Anthony John Beruschi sold 30,000 shares of Rusoro Mining stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 332,500 shares of company stock worth $307,325. 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.