L.P. Silver Point Capital Acquires 5,250,527 Shares of Rusoro Mining (CVE:RML) Stock

Rusoro Mining Ltd. (CVE:RML) insider L.P. Silver Point Capital acquired 5,250,527 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$1.19 per share, with a total value of C$6,248,127.13. Following the completion of the transaction, the insider directly owned 87,137,870 shares of the company’s stock, valued at C$103,694,065.30. This trade represents a 6.41% increase in their position.

L.P. Silver Point Capital also recently made the following trade(s):

• On Thursday, August 13th, L.P. Silver Point Capital bought 1,590,873 shares of Rusoro Mining stock. The stock was acquired at an average price of C$1.19 per share, for a total transaction of C$1,893,138.87.

Rusoro Mining Stock Performance

Shares of Rusoro Mining stock remained flat at C$1.16 during trading hours on Tuesday. The stock had a trading volume of 25,823 shares, compared to its average volume of 563,733. The company has a market cap of C$736.63 million, a PE ratio of -2.70 and a beta of -0.18. Rusoro Mining Ltd. has a twelve month low of C$0.85 and a twelve month high of C$1.45. The company’s fifty day simple moving average is C$1.12 and its two-hundred day simple moving average is C$1.12.

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.