Rusoro Mining (CVE:RML) Shares Down 5.7% – What’s Next?

by · The Cerbat Gem

Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares traded down 5.7% on Monday . The company traded as low as C$0.66 and last traded at C$0.66. 50,005 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 766,510 shares. The stock had previously closed at C$0.70.

Rusoro Mining Stock Down 5.7 %

The stock has a market capitalization of C$405.25 million, a price-to-earnings ratio of -13.20 and a beta of 1.27. The business has a 50-day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.26.

Rusoro Mining (CVE:RML – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported C($0.03) EPS for the quarter.

Insider Activity

In other news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$1.31, for a total transaction of C$26,224.00. In other Rusoro Mining news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$1.31, for a total transaction of C$26,224.00. Also, Director Jay Kaplowitz sold 116,800 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$1.35, for a total transaction of C$157,680.00. In the last 90 days, insiders sold 159,500 shares of company stock worth $215,911. Insiders own 29.16% of the company’s stock.

Rusoro Mining Company Profile

(Get Free Report)

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.

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