L.P. Silver Point Capital Purchases 5,250,527 Shares of Rusoro Mining (CVE:RML) Stock

Rusoro Mining Ltd. (CVE:RML) insider L.P. Silver Point Capital purchased 5,250,527 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of C$1.19 per share, with a total value of C$6,248,127.13. Following the completion of the acquisition, the insider directly owned 87,137,870 shares in the company, valued at C$103,694,065.30. The trade was a 6.41% increase in their ownership of the stock.

L.P. Silver Point Capital also recently made the following trade(s):

• On Thursday, August 13th, L.P. Silver Point Capital acquired 1,590,873 shares of Rusoro Mining stock. The shares were acquired at an average cost of C$1.19 per share, with a total value of C$1,893,138.87.

Rusoro Mining Stock Performance

Shares of RML remained flat at C$1.16 during mid-day trading on Tuesday. The stock had a trading volume of 25,823 shares, compared to its average volume of 563,733. Rusoro Mining Ltd. has a fifty-two week low of C$0.85 and a fifty-two week high of C$1.45. The firm has a market capitalization of C$736.63 million, a PE ratio of -2.70 and a beta of -0.18. The firm’s 50-day moving average price is C$1.12 and its 200 day moving average price is C$1.12.

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.