Rusoro Mining (CVE:RML) Shares Up 2.6% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML)’s share price shot up 2.6% during trading on Thursday . The stock traded as high as C$1.21 and last traded at C$1.20. 191,304 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 522,884 shares. The stock had previously closed at C$1.17.

Rusoro Mining Stock Up 2.6%

The business has a 50 day moving average price of C$1.13 and a two-hundred day moving average price of C$1.13. The stock has a market cap of C$768.33 million, a P/E ratio of -3.00 and a beta of -0.23.

Insider Buying and Selling

In other Rusoro Mining news, Director Andre Vladimir Agapov purchased 50,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of C$1.10 per share, with a total value of C$55,000.00. Following the acquisition, 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. Also, Director Gordon Keep sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$1.20, for a total value of C$1,200,000.00. Following the completion of the transaction, the director owned 11,583,000 shares of the company’s stock, valued at C$13,899,600. The trade was a 7.95% decrease in their ownership of the stock. In the last three months, insiders have acquired 6,900,700 shares of company stock valued at $8,205,659. Corporate insiders own 29.16% of the company’s stock.

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. in November 2006. The company is headquartered in Vancouver, Canada.