Rusoro Mining Ltd. (CVE:RML – Get Free Report) was up 4.7% during trading on Tuesday. The company traded as high as C$1.11 and last traded at C$1.11. Approximately 313,457 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 472,934 shares. The stock had previously closed at C$1.06.
Rusoro Mining Stock Up 4.7%
The company has a market cap of C$710.70 million, a price-to-earnings ratio of -2.77 and a beta of -0.17. The firm has a 50 day moving average price of C$1.16 and a two-hundred day moving average price of C$1.13.
Insider Buying and Selling
In related news, Director Gordon Keep sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$1.20, for a total value of C$1,200,000.00. Following the sale, the director directly owned 11,583,000 shares in the company, valued at C$13,899,600. This represents a 7.95% decrease in their ownership of the stock. Also, insider L.P. Silver Point Capital bought 5,250,527 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of C$1.19 per share, with a total value of C$6,248,127.13. Following the transaction, the insider directly owned 87,137,870 shares in the company, valued at approximately C$103,694,065.30. This trade represents a 6.41% increase in their position. Over the last ninety days, insiders purchased 6,860,800 shares of company stock worth $8,162,880. 29.16% of the stock is owned by 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. in November 2006. The company is headquartered in Vancouver, Canada.
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