Rusoro Mining (CVE:RML) Trading Down 3.7% - Here's What Happened

Key Points

• Rusoro Mining Ltd.'s shares fell by 3.7% on Tuesday, closing at C$1.30 after reaching a low of C$1.28.
• The trading activity saw approximately 250,123 shares exchanged, marking a 16% increase from the average daily volume.
• Rusoro Mining holds significant interests in gold mining operations in Venezuela, particularly in the Choco 10 and Isidora mines.

Shares of Rusoro Mining Ltd. (CVE:RML - ) dropped 3.7% during trading on Tuesday . The stock traded as low as C$1.28 and last traded at C$1.30. Approximately 250,123 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 214,822 shares. The stock had previously closed at C$1.35.

Rusoro Mining Trading Down 3.7%

The firm's 50 day simple moving average is C$1.18 and its 200 day simple moving average is C$0.95. The firm has a market cap of C$811.02 million, a PE ratio of -10.00 and a beta of 1.15.

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.

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