Shares of Rusoro Mining Ltd. (CVE:RML – Get Free Report) shot up 15.3% during trading on Monday . The stock traded as high as C$1.05 and last traded at C$0.98. 485,008 shares were traded during trading, an increase of 289% from the average session volume of 124,538 shares. The stock had previously closed at C$0.85.
Rusoro Mining Price Performance
The firm’s 50 day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.93. The firm has a market capitalization of C$412.45 million, a P/E ratio of -8.89 and a beta of 1.27.
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.
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