Rusoro Mining (CVE:RML) Shares Down 4.5% – What’s Next?

Rusoro Mining Ltd. (CVE:RML) dropped 4.5% during mid-day trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.05. 1,450 shares changed hands during trading, a decline of 100% from the average session volume of 498,909 shares. The stock had previously closed at C$1.10.

Rusoro Mining Price Performance

The firm has a market cap of C$666.78 million, a P/E ratio of -2.44 and a beta of 0.01. The firm’s 50-day simple moving average is C$1.12 and its 200 day simple moving average is C$1.12.

Insider Activity at Rusoro Mining

In other news, Director Andre Vladimir Agapov acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of C$1.10 per share, for a total transaction of C$55,000.00. Following the completion of the purchase, the director owned 61,180,367 shares in the company, valued at approximately C$67,298,403.70. This trade represents a 0.08% increase in their ownership of the stock. Company 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.