Rusoro Mining Ltd. (CVE:RML – Get Free Report) shares dropped 12.8% during trading on Monday . The company traded as low as C$1.01 and last traded at C$1.02. Approximately 415,055 shares were traded during trading, a decline of 77% from the average daily volume of 1,808,054 shares. The stock had previously closed at C$1.17.
Rusoro Mining Trading Down 9.4%
The firm has a 50-day moving average of C$1.05 and a 200 day moving average of C$1.14. The company has a market cap of C$664.35 million, a P/E ratio of -13.25 and a beta of -0.32.
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.
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