Rusoro Mining (CVE:RML) Stock Price Up 0.9% – What’s Next?
by Sarita Garza · The Markets DailyRusoro Mining Ltd. (CVE:RML – Get Free Report) rose 0.9% during trading on Tuesday . The company traded as high as C$1.16 and last traded at C$1.15. Approximately 148,525 shares changed hands during trading, a decline of 69% from the average daily volume of 474,994 shares. The stock had previously closed at C$1.14.
Rusoro Mining Trading Down 0.4%
The firm’s fifty day moving average price is C$1.12 and its two-hundred day moving average price is C$1.13. The stock has a market capitalization of C$733.45 million, a PE ratio of -2.69 and a beta of -0.18.
Insiders Place Their Bets
In other news, Director Andre Vladimir Agapov acquired 50,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was 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 transaction, the director owned 61,180,367 shares in the company, valued at approximately C$67,298,403.70. The trade was a 0.08% increase in their position. 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.