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

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

Rusoro Mining Stock Performance

The stock has a 50 day moving average of C$1.11 and a two-hundred day moving average of C$1.11. The stock has a market cap of C$717.58 million, a PE ratio of -2.63 and a beta of 0.14.

Insiders Place Their Bets

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. Corporate 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.