Rusoro Mining (CVE:RML) Shares Up 20.7% - Here's Why

Rusoro Mining Ltd. (CVE:RML - Get Free Report) shares traded up 20.7% during mid-day trading on Wednesday . The stock traded as high as C$1.11 and last traded at C$1.11. 383,365 shares traded hands during trading, an increase of 151% from the average session volume of 152,981 shares. The stock had previously closed at C$0.92.

Rusoro Mining Trading Down 2.8%

The firm has a market cap of C$451.94 million, a P/E ratio of -9.74 and a beta of 1.27. The company's 50 day simple moving average is C$0.75 and its 200-day simple moving average is C$0.78.

Insider Buying and Selling at Rusoro Mining

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov purchased 100,000 shares of Rusoro Mining stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of C$0.70 per share, with a total value of C$69,870.00. Also, 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 transaction of C$28,500.00. In the last 90 days, insiders have sold 340,500 shares of company stock worth $314,205. Company insiders own 29.16% of the company's stock.

Rusoro Mining Company Profile

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.