Rusoro Mining (CVE:RML) Trading 2.2% Higher - Still a Buy?

Rusoro Mining Ltd. (CVE:RML - Get Free Report)'s share price traded up 2.2% during trading on Monday . The stock traded as high as C$0.94 and last traded at C$0.94. 146,000 shares traded hands during 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 Down 4.3%

The stock has a market capitalization of C$394.90 million, a P/E ratio of -8.51 and a beta of 1.27. The business has a 50-day simple moving average of C$0.69 and a two-hundred day simple moving average of C$0.77.

Insider Buying and Selling

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov purchased 100,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of C$0.70 per share, with a total value of C$69,870.00. Also, Director Anthony John Beruschi sold 75,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$0.99, for a total transaction of C$74,250.00. Insiders sold 110,100 shares of company stock worth $109,314 in the last quarter. 29.16% of the stock is owned by corporate insiders.

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.