Rusoro Mining (CVE:RML) Shares Down 1.8% - What's Next?

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.

Shares of Rusoro Mining Ltd. (CVE:RML - Get Free Report) fell 1.8% during mid-day trading on Tuesday . The company traded as low as C$1.06 and last traded at C$1.10. 56,560 shares were traded 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 Stock Performance

The company has a market cap of C$522.14 million, a price-to-earnings ratio of -11.25 and a beta of 1.27. The business's 50 day moving average price is C$1.03 and its 200-day moving average price is C$0.86.

Insider Buying and Selling at Rusoro Mining

In other news, 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 value of C$28,500.00. Over the last 90 days, insiders have sold 332,500 shares of company stock valued at $307,325. 29.16% of the stock is currently 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.