Rusoro Mining (CVE:RML) Trading Down 11.4%

Rusoro Mining Ltd. (CVE:RML)’s stock price dropped 11.4% during trading on Monday . The company traded as low as C$0.96 and last traded at C$1.09. Approximately 1,873,641 shares traded hands during mid-day trading, an increase of 137% from the average daily volume of 792,086 shares. The stock had previously closed at C$1.23.

Rusoro Mining Stock Down 2.4 %

The company has a market capitalization of C$736.81 million, a P/E ratio of -24.60 and a beta of 1.31. The business has a 50 day moving average of C$1.37 and a 200 day moving average of C$1.31.

Rusoro Mining (CVE:RML) last announced its earnings results on Tuesday, August 27th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Insider Activity at Rusoro Mining

In other Rusoro Mining news, Director Gordon Keep sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$1.52, for a total value of C$30,400.00. In other news, Director Gordon Keep sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$1.52, for a total value of C$30,400.00. Also, Director Jay Kaplowitz sold 116,800 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$1.35, for a total value of C$157,680.00. In the last ninety days, insiders have sold 179,500 shares of company stock worth $246,311. Insiders own 29.00% of the company’s stock.

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.