Rusoro Mining (CVE:RML) Shares Down 4.5% – Here’s What Happened

Shares of Rusoro Mining Ltd. (CVE:RML) fell 4.5% during mid-day trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.05. Approximately 1,450 shares traded hands during trading, a decline of 100% from the average daily volume of 498,909 shares. The stock had previously closed at C$1.10.

Rusoro Mining Stock Down 4.5%

The firm has a market cap of C$666.78 million, a price-to-earnings ratio of -2.44 and a beta of 0.01. The business’s fifty day moving average is C$1.12 and its two-hundred day moving average is C$1.12.

Insider Buying and Selling

In other news, Director Andre Vladimir Agapov acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of C$1.05 per share, for a total transaction of C$105,000.00. Following the transaction, the director owned 61,130,367 shares of the company’s stock, valued at approximately C$64,186,885.35. This represents a 0.16% increase in their ownership of the stock. 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.