Rupert Resources (CVE:RUP) Downgraded to Tender Rating by ATB Cormark Capital Markets

Rupert Resources (CVE:RUP) was downgraded by ATB Cormark Capital Markets from an “outperform” rating to a “tender” rating in a research report issued on Tuesday,BayStreet.CA reports. They presently have a C$15.00 price objective on the stock, down from their previous price objective of C$22.00. ATB Cormark Capital Markets’ price objective points to a potential upside of 231.86% from the company’s current price.

Rupert Resources Stock Down 2.0%

Shares of RUP traded down C$0.09 during midday trading on Tuesday, reaching C$4.52. 30,205 shares of the stock were exchanged, compared to its average volume of 63,094. Rupert Resources has a twelve month low of C$3.53 and a twelve month high of C$6.77. The company has a market cap of C$1.09 billion and a P/E ratio of -151.74. The stock’s 50 day simple moving average is C$4.52 and its 200 day simple moving average is C$4.52.

Rupert Resources Company Profile

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.