Rusoro Mining (CVE:RML) Trading Up 7.9% – Here’s What Happened

Shares of Rusoro Mining Ltd. (CVE:RML) rose 7.9% during mid-day trading on Thursday . The company traded as high as C$0.68 and last traded at C$0.68. 1,031,500 shares traded hands during trading, an increase of 37% from the average daily volume of 753,988 shares. The stock had previously closed at C$0.63.

Rusoro Mining Stock Up 2.4 %

The company has a market cap of C$521.91 million, a P/E ratio of -17.00 and a beta of 1.27. The company has a 50 day moving average price of C$0.98 and a 200-day moving average price of C$1.23.

Rusoro Mining (CVE:RML) last announced its earnings results on Tuesday, August 27th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Rusoro Mining

In other Rusoro Mining news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$1.41, for a total value of C$28,200.00. Also, Director Jay Kaplowitz sold 116,800 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$1.35, for a total value of C$157,680.00. In the last ninety days, insiders sold 159,500 shares of company stock valued at $215,911. 29.16% of the stock is owned by corporate insiders.

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.