Rusoro Mining (CVE:RML) Stock Price Down 6.6% - What's Next?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s stock price fell 6.6% during mid-day trading on Friday . The stock traded as low as C$1.11 and last traded at C$1.13. 207,900 shares were traded during mid-day trading, an increase of 15% from the average session volume of 181,391 shares. The stock had previously closed at C$1.21.

Rusoro Mining Stock Down 2.5%

The firm's 50-day moving average is C$0.81 and its 200-day moving average is C$0.79. The company has a market capitalization of C$517.75 million, a PE ratio of -11.16 and a beta of 1.27.

Insider Activity

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov purchased 100,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of C$0.70 per share, for a total transaction of C$69,870.00. Also, Director Anthony John Beruschi sold 30,000 shares of the company's stock in a transaction dated 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 valued at $307,325. Company 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.