Rusoro Mining (CVE:RML) Trading Down 6.5% - What's Next?

Key Points

• Down 6.5%: Rusoro Mining's stock fell to C$1.00 (intraday low C$0.98) on Monday with 1,497,067 shares trading — about 106% above its average volume — and is below its 50- and 200-day moving averages of C$1.12.
• Insider activity: Director Andre Vladimir Agapov sold 60,000 shares at C$1.24 on March 20, and corporate insiders now own 29.16% of the company.
• Company profile: Rusoro has a market cap of C$626.75 million with a negative P/E (-12.50) and operates gold assets in Venezuela, including a 95% interest in the Choco 10 mine and a 50% interest in the Isidora mine.

Rusoro Mining Ltd. (CVE:RML - )'s stock price was down 6.5% on Monday . The company traded as low as C$0.98 and last traded at C$1.00. Approximately 1,497,067 shares changed hands during trading, an increase of 106% from the average daily volume of 725,427 shares. The stock had previously closed at C$1.07.

Rusoro Mining Trading Down 6.5%

The business's 50-day moving average is C$1.12 and its two-hundred day moving average is C$1.12. The firm has a market cap of C$626.75 million, a P/E ratio of -12.50 and a beta of -1.46.

Insider Buying and Selling at Rusoro Mining

In related news, Director Andre Vladimir Agapov sold 60,000 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of C$1.24, for a total transaction of C$74,400.00. Following the completion of the sale, the director owned 70,924,167 shares of the company's stock, valued at C$87,945,967.08. This represents a 0.08% decrease in their position. 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. in November 2006. The company is headquartered in Vancouver, Canada.

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