Rusoro Mining (CVE:RML) Trading Down 5.5% – Time to Sell?

Rusoro Mining Ltd. (CVE:RML)’s stock price traded down 5.5% during trading on Thursday . The stock traded as low as C$0.85 and last traded at C$0.86. 128,800 shares were traded during trading, a decline of 82% from the average session volume of 723,759 shares. The stock had previously closed at C$0.91.

Rusoro Mining Trading Down 5.5 %

The company has a market capitalization of C$528.05 million, a price-to-earnings ratio of -17.20 and a beta of 1.27. The stock’s 50 day moving average price is C$0.84 and its 200 day moving average price is C$1.18.

Insiders Place Their Bets

In related news, Director Vladimir Pavlovich Agapov sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$1.41, for a total value of C$28,200.00. Insiders have sold 42,700 shares of company stock valued at $58,231 in the last 90 days. 29.16% of the stock is currently owned by insiders.

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.