August 23, 2016 / 2:32 PM / a year ago

BUZZ-Canadian miner Rusoro more than doubles on Venezuela lawsuit win

1 Min Read

** Gold producer's shares more than doubles, notching their biggest intraday pct gain in nearly a decade

** Stock touches five-year high of C$0.32, before easing to trade up 81 pct at C$0.28 in well-above-avg volumes

** Rusoro awarded more than $1.2 bln in damages as a World Bank tribunal ruled Venezuela had unlawfully seized its mine

** Company tells Reuters it is seeking to settle with Venezuela and would "probably give a good chunk" of any funds back to shareholders

** More than 2.5 mln shares traded, 10x their 30-day moving avg

** Stock had already more than doubled YTD though Monday

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