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

Tue Aug 23, 2016 10:29am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** 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