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

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

Rusoro Mining Price Performance

The stock's fifty day simple moving average is C$0.76 and its 200-day simple moving average is C$0.78. The stock has a market cap of C$449.74 million, a P/E ratio of -9.69 and a beta of 1.27.

Insider Buying and Selling at Rusoro Mining

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov bought 100,000 shares of Rusoro Mining stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of C$0.70 per share, for a total transaction of C$69,870.00. Also, Director Anthony John Beruschi sold 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$0.92, for a total transaction of C$276,000.00. Over the last 90 days, insiders have sold 340,500 shares of company stock worth $314,205. 29.16% of the stock is owned by company insiders.

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.