Rusoro Mining (CVE:RML) Shares Down 1.8% - Should You Sell?

Key Points

• Rusoro Mining Ltd. shares fell by 1.8%, trading at C$1.10 after previously closing at C$1.12, with a significant decline in trading volume compared to the average.
• Insider activity shows that Director Anthony John Beruschi sold 300,000 shares at C$0.92, contributing to total insider sales of 332,500 shares valued at $307,325 in the last 90 days.
• The company primarily operates gold mineral properties in Venezuela, owning a 95% interest in the Choco 10 mine and a 50% interest in the Isidora mine.

Rusoro Mining Ltd. (CVE:RML - Get Free Report) fell 1.8% on Tuesday . The stock traded as low as C$1.06 and last traded at C$1.10. 56,560 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 176,816 shares. The stock had previously closed at C$1.12.

Rusoro Mining Price Performance

The company has a market capitalization of C$522.14 million, a price-to-earnings ratio of -11.25 and a beta of 1.27. The business has a fifty day moving average price of C$1.03 and a 200 day moving average price of C$0.85.

Insider Activity at Rusoro Mining

In other news, Director Anthony John Beruschi sold 300,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of C$0.92, for a total transaction of C$276,000.00. Insiders sold 332,500 shares of company stock worth $307,325 over the last quarter. 29.16% of the stock is currently owned by company 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.