Rusoro Mining (CVE:RML) Shares Down 15.5% – Time to Sell?

Rusoro Mining Ltd. (CVE:RML) shares were down 15.5% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.82. Approximately 958,486 shares were traded during mid-day trading, an increase of 429% from the average daily volume of 181,044 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The company’s fifty day simple moving average is C$0.81 and its two-hundred day simple moving average is C$0.89. The stock has a market capitalization of C$359.80 million, a P/E ratio of -7.75 and a beta of 1.27.

Insider Transactions at Rusoro Mining

In related news, Director Anthony John Beruschi sold 75,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total value of C$74,250.00. 29.16% of the stock is owned by corporate insiders.

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.