Rusoro Mining (CVE:RML) Stock Price Up 0.9% – Time to Buy?

Shares of Rusoro Mining Ltd. (CVE:RML) traded up 0.9% on Tuesday . The company traded as high as C$1.16 and last traded at C$1.15. Approximately 148,525 shares were traded during mid-day trading, a decline of 69% from the average session volume of 474,994 shares. The stock had previously closed at C$1.14.

Rusoro Mining Stock Performance

The company has a market cap of C$730.28 million, a price-to-earnings ratio of -2.67 and a beta of -0.18. The firm’s 50 day simple moving average is C$1.12 and its 200-day simple moving average is C$1.13.

Insider Buying and Selling at Rusoro Mining

In other Rusoro Mining news, Director Andre Vladimir Agapov purchased 50,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of C$1.10 per share, for a total transaction of C$55,000.00. Following the completion of the transaction, the director owned 61,180,367 shares of the company’s stock, valued at C$67,298,403.70. The trade was a 0.08% increase in their position. Corporate insiders own 29.16% of the company’s stock.

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