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

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

Rusoro Mining Price Performance

The business has a 50 day moving average of C$0.81 and a 200 day moving average of C$0.89. The company has a market cap of C$359.80 million, a PE ratio of -7.75 and a beta of 1.27.

Insider Activity at Rusoro Mining

In other news, Director Anthony John Beruschi sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was 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.