Rusoro Mining (CVE:RML) Stock Jumps 4.7% – Still a Buy?

Rusoro Mining Ltd. (CVE:RML)’s stock price traded up 4.7% on Tuesday. The stock traded as high as C$1.11 and last traded at C$1.11. 313,457 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 472,934 shares. The stock had previously closed at C$1.06.

Rusoro Mining Stock Up 5.9%

The stock has a market cap of C$691.50 million, a price-to-earnings ratio of -2.70 and a beta of -0.17. The company has a 50 day simple moving average of C$1.16 and a 200 day simple moving average of C$1.13.

Insider Activity at Rusoro Mining

In related news, insider L.P. Silver Point Capital acquired 1,590,873 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$1.19 per share, with a total value of C$1,893,138.87. Following the purchase, the insider directly owned 31,624,366 shares in the company, valued at approximately C$37,632,995.54. This trade represents a 5.30% increase in their ownership of the stock. Also, Director Gordon Keep sold 500,000 shares of the 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 transaction of C$600,000.00. Insiders have purchased a total of 6,851,500 shares of company stock worth $8,153,487 over the last ninety days. 29.16% of the stock is currently 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.