Rusoro Mining (CVE:RML) Director Sells 1,000,000 Shares

Rusoro Mining Ltd. (CVE:RML) Director Gordon Keep sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$1.20, for a total value of C$1,200,000.00. Following the completion of the sale, the director directly owned 11,583,000 shares of the company’s stock, valued at approximately C$13,899,600. The trade was a 7.95% decrease in their ownership of the stock.

Gordon Keep also recently made the following trade(s):

• On Thursday, August 13th, Gordon Keep sold 500,000 shares of Rusoro Mining stock. The stock was sold at an average price of C$1.20, for a total transaction of C$600,000.00.

Rusoro Mining Stock Performance

RML traded down C$0.01 on Friday, reaching C$1.16. The company had a trading volume of 14,966 shares, compared to its average volume of 570,568. Rusoro Mining Ltd. has a fifty-two week low of C$0.85 and a fifty-two week high of C$1.45. The company’s fifty day moving average is C$1.12 and its 200 day moving average is C$1.12. The stock has a market cap of C$736.63 million, a P/E ratio of -2.70 and a beta of -0.18.

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.