Rusoro Mining (CVE:RML) Trading 0.5% Higher - What's Next?

Shares of Rusoro Mining Ltd. (CVE:RML - Get Free Report) traded up 0.5% during trading on Monday . The stock traded as high as C$1.05 and last traded at C$1.03. 278,668 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 163,646 shares. The stock had previously closed at C$1.03.

Rusoro Mining Stock Down 2.5%

The company's 50-day simple moving average is C$0.80 and its 200 day simple moving average is C$0.79. The company has a market capitalization of C$517.75 million, a P/E ratio of -11.16 and a beta of 1.27.

Insiders Place Their Bets

In related news, Director Vladimir Pavlovich Agapov purchased 100,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of C$0.70 per share, for a total transaction of C$69,870.00. Also, Director Anthony John Beruschi sold 30,000 shares of the 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. Insiders sold 332,500 shares of company stock valued at $307,325 over the last quarter. 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.