Rusoro Mining (CVE:RML) Trading 2.2% Higher - Here's Why

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price shot up 2.2% during trading on Monday . The company traded as high as C$0.94 and last traded at C$0.94. 146,000 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 143,736 shares. The stock had previously closed at C$0.92.

Rusoro Mining Stock Performance

The firm has a market cap of C$372.96 million, a P/E ratio of -8.04 and a beta of 1.27. The stock has a fifty day simple moving average of C$0.70 and a 200 day simple moving average of C$0.78.

Insiders Place Their Bets

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov bought 100,000 shares of Rusoro Mining stock in a transaction on Monday, April 7th. The stock was acquired at an average price of C$0.70 per share, with a total value of C$69,870.00. In the last quarter, insiders sold 35,100 shares of company stock valued at $35,064. Corporate insiders own 29.16% of the company's stock.

Rusoro Mining Company Profile

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.