Rupert Resources (CVE:RUP) Trading Down 2% – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lowered Rupert Resources from an “outperform” rating to a “tender” rating and lowered their price target for the stock from C$22.00 to C$15.00 in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$11.75.

Rupert Resources Stock Performance

The company has a market cap of C$1.09 billion and a P/E ratio of -151.74. The stock has a 50 day moving average price of C$4.52 and a two-hundred day moving average price of C$4.52. The company has a quick ratio of 10.54, a current ratio of 5.58 and a debt-to-equity ratio of 0.16.

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.