Rusoro Mining (CVE:RML) Trading 18.3% Higher – What’s Next?

Rusoro Mining Ltd. (CVE:RML) traded up 18.3% during mid-day trading on Monday . The company traded as high as C$1.24 and last traded at C$1.10. 3,911,266 shares traded hands during trading, an increase of 246% from the average session volume of 1,130,899 shares. The stock had previously closed at C$0.93.

Rusoro Mining Price Performance

The company has a market cap of C$658.09 million, a P/E ratio of -13.13 and a beta of -0.32. The stock’s 50-day moving average is C$1.06 and its two-hundred day moving average is C$1.14.

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.