Shares of Pure Technologies Ltd. (TSE:PUR) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as C$4.52 and last traded at C$4.53. Approximately 13,961 shares traded hands during trading, a decline of 77% from the average daily volume of 61,463 shares. The stock had previously closed at C$4.57.

PUR has been the topic of several recent research reports. National Bank Financial upped their target price on shares of Pure Technologies from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research report on Friday, August 18th. Canaccord Genuity cut shares of Pure Technologies from a “buy” rating to a “hold” rating and set a C$5.50 target price on the stock. in a research report on Wednesday, November 8th.

In other news, insider Robert Budianto sold 10,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of C$5.50, for a total transaction of C$55,000.00.

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