Rusoro Mining (CVE:RML) Stock Price Up 1.8% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) traded up 1.8% on Wednesday . The stock traded as high as C$1.14 and last traded at C$1.12. 66,100 shares were traded during trading, a decline of 90% from the average session volume of 645,477 shares. The stock had previously closed at C$1.10.

Rusoro Mining Stock Performance

The stock has a market capitalization of C$707.56 million, a price-to-earnings ratio of -2.67 and a beta of -1.59. The company has a fifty day simple moving average of C$1.13 and a 200 day simple moving average of C$1.10.

Insider Buying and Selling

In related news, Director Andre Vladimir Agapov bought 100,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of C$1.05 per share, with a total value of C$105,000.00. Following the acquisition, the director owned 61,130,367 shares of the company’s stock, valued at C$64,186,885.35. This represents a 0.16% increase in their ownership of the stock. Insiders own 29.16% 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. in November 2006. The company is headquartered in Vancouver, Canada.