Rusoro Mining (CVE:RML) Stock Price Down 2.6% – Here’s What Happened

Rusoro Mining Ltd. (CVE:RML) shares traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as C$1.12 and last traded at C$1.13. 6,603 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 565,890 shares. The stock had previously closed at C$1.16.

Rusoro Mining Stock Performance

The company’s 50 day moving average price is C$1.11 and its 200-day moving average price is C$1.11. The company has a market cap of C$717.58 million, a price-to-earnings ratio of -2.63 and a beta of 0.14.

Insider Activity

In related news, Director Andre Vladimir Agapov purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average price of C$1.05 per share, with a total value of C$105,000.00. Following the purchase, the director owned 61,130,367 shares of the company’s stock, valued at C$64,186,885.35. This trade represents a 0.16% increase in their position. 29.16% of the stock is owned by corporate insiders.

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.