Rusoro Mining (CVE:RML) Trading Up 20.7% - Here's Why

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s stock price was up 20.7% during mid-day trading on Wednesday . The company traded as high as C$1.11 and last traded at C$1.11. Approximately 383,365 shares traded hands during trading, an increase of 151% from the average daily volume of 152,981 shares. The stock had previously closed at C$0.92.

Rusoro Mining Trading Down 0.5%

The firm has a market cap of C$449.74 million, a P/E ratio of -9.69 and a beta of 1.27. The business's fifty day moving average price is C$0.76 and its two-hundred day moving average price is C$0.78.

Insider Activity

In other news, Director Anthony John Beruschi sold 30,000 shares of the firm's stock in a transaction 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. Also, Director Vladimir Pavlovich Agapov purchased 100,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of C$0.70 per share, for a total transaction of C$69,870.00. In the last 90 days, insiders have sold 340,500 shares of company stock worth $314,205. 29.16% of the stock is owned by corporate 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.