Rusoro Mining (CVE:RML) Shares Up 18.3% – Here’s Why

Rusoro Mining Ltd. (CVE:RMLGet Free Report) shares shot up 18.3% during trading on Monday . The company traded as high as C$1.24 and last traded at C$1.10. 3,911,266 shares were traded during mid-day trading, an increase of 246% from the average session volume of 1,130,899 shares. The stock had previously closed at C$0.93.

Rusoro Mining Price Performance

The stock has a market capitalization of C$676.89 million, a price-to-earnings ratio of -13.50 and a beta of -0.32. The company’s 50-day simple moving average is C$1.05 and its 200-day simple moving average is C$1.14.

About Rusoro Mining

(Get Free Report)

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. in November 2006. The company is headquartered in Vancouver, Canada.

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