Rusoro Mining (CVE:RML) Trading Down 5.5% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) shares were down 5.5% during trading on Thursday . The stock traded as low as C$0.85 and last traded at C$0.86. Approximately 128,800 shares traded hands during trading, a decline of 82% from the average daily volume of 723,759 shares. The stock had previously closed at C$0.91.

Rusoro Mining Price Performance

The firm’s 50-day simple moving average is C$0.84 and its 200 day simple moving average is C$1.18. The firm has a market capitalization of C$528.05 million, a price-to-earnings ratio of -17.20 and a beta of 1.27.

Insider Buying and Selling

In related news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$1.41, for a total transaction of C$28,200.00. Insiders sold a total of 42,700 shares of company stock worth $58,231 in the last ninety days. 29.16% of the stock is owned by 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.