Rusoro Mining (CVE:RML) Trading Up 0.8% - What's Next?

Key Points

• Rusoro Mining's stock increased by 0.8% to C$1.23, but trading volume dropped 30% compared to its average, indicating potential investor caution.
• The company has a market capitalization of C$767.35 million and operates gold mineral properties primarily in Venezuela.
• Rusoro Mining holds a 95% interest in the Choco 10 mine and a 50% interest in the Isidora mine, enhancing its resource portfolio in the region.

Rusoro Mining Ltd. (CVE:RML - )'s stock price was up 0.8% during mid-day trading on Tuesday . The stock traded as high as C$1.25 and last traded at C$1.23. Approximately 150,589 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 213,780 shares. The stock had previously closed at C$1.22.

Rusoro Mining Price Performance

The firm has a market capitalization of C$767.35 million, a PE ratio of -9.46 and a beta of 0.63. The firm has a 50-day simple moving average of C$1.26 and a 200-day simple moving average of C$0.98.

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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