Rusoro Mining (CVE:RML) Trading 18.3% Higher – Should You Buy?

Rusoro Mining Ltd. (CVE:RMLGet Free Report)’s share price was up 18.3% during trading on Monday . The stock traded as high as C$1.24 and last traded at C$1.10. Approximately 3,911,266 shares were traded during mid-day trading, an increase of 246% from the average daily volume of 1,130,899 shares. The stock had previously closed at C$0.93.

Rusoro Mining Stock Performance

The company’s fifty day moving average price is C$1.06 and its two-hundred day moving average price is C$1.14. The firm has a market capitalization of C$658.09 million, a PE ratio of -13.13 and a beta of -0.32.

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

Further Reading

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