Rusoro Mining (CVE:RML) Trading Down 12% – Time to Sell?

Rusoro Mining Ltd. (CVE:RMLGet Free Report)’s stock price dropped 12% on Monday . The company traded as low as C$1.01 and last traded at C$1.03. Approximately 331,271 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,794,835 shares. The stock had previously closed at C$1.17.

Rusoro Mining Stock Down 9.4%

The stock’s fifty day moving average price is C$1.05 and its 200 day moving average price is C$1.14. The stock has a market cap of C$664.35 million, a PE ratio of -13.25 and a beta of -0.32.

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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