Rupert Resources (CVE:RUP) Stock Price Down 2% – What’s Next?

Rupert Resources Ltd. (CVE:RUP)’s stock price fell 2% during mid-day trading on Wednesday . The stock traded as low as C$4.50 and last traded at C$4.52. 30,205 shares were traded during trading, a decline of 52% from the average session volume of 63,094 shares. The stock had previously closed at C$4.61.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$8.50 price objective on shares of Rupert Resources and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$8.25.

Rupert Resources Trading Down 2.0%

The company has a market capitalization of C$1.09 billion and a PE ratio of -151.74. The firm has a fifty day moving average of C$4.52 and a two-hundred day moving average of C$4.52.

About Rupert Resources

Rupert Resources Ltd. engages in the acquisition and exploration of mineral properties in Finland. It primarily focuses on 100% owned Rupert Lapland Project Area including Ikkari discovery and Pahtavaara mine and mill covering an area of 595km2 located in Northern Finland. Rupert Resources Ltd. is headquartered in Toronto, Canada.