Rusoro Mining (CVE:RML) Trading 1.8% Higher – Still a Buy?

Rusoro Mining Ltd. (CVE:RMLGet Free Report) traded up 1.8% during trading on Wednesday . The company traded as high as C$1.14 and last traded at C$1.12. 66,100 shares traded hands during trading, a decline of 90% from the average session volume of 645,477 shares. The stock had previously closed at C$1.10.

Rusoro Mining Stock Up 2.7%

The firm has a market cap of C$732.83 million, a price-to-earnings ratio of -2.76 and a beta of -1.59. The stock’s 50 day moving average is C$1.13 and its 200 day moving average is C$1.10.

Insider Activity at Rusoro Mining

In related news, Director Andre Vladimir Agapov acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average price of C$1.05 per share, for a total transaction of C$105,000.00. Following the completion of the purchase, the director directly owned 61,130,367 shares of the company’s stock, valued at C$64,186,885.35. The trade was a 0.16% increase in their ownership of the stock. 29.16% of the stock is owned by corporate insiders.

About Rusoro Mining

(Get Free Report)

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.

Further Reading

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