Rupert Resources (OTCMKTS:RUPRF) Shares Up 3.2% – Time to Buy?

Rupert Resources Ltd. (OTCMKTS:RUPRF) was up 3.2% on Tuesday . The company traded as high as $5.20 and last traded at $5.12. Approximately 92,589 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 117,799 shares. The stock had previously closed at $4.96.

Analyst Ratings Changes

A number of brokerages recently weighed in on RUPRF. Scotiabank reissued an “outperform” rating on shares of Rupert Resources in a report on Monday, January 26th. National Bankshares began coverage on Rupert Resources in a research report on Wednesday, October 22nd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Rupert Resources Stock Performance

The firm’s 50-day moving average price is $4.81 and its 200 day moving average price is $4.26.

About Rupert Resources

Rupert Resources Inc is a Canada-based mineral exploration and development company listed on the OTC Markets under the symbol RUPRF. The company is primarily focused on the discovery, evaluation and advancement of gold projects, with a strategic emphasis on high-grade assets in underexplored jurisdictions.

Rupert’s flagship asset is the Ikkari gold project in northern Finland, which includes the historic Pahtavaara mine area. Exploration activities at Ikkari have consisted of systematic drilling campaigns, geophysical surveys and metallurgical testing aimed at expanding known mineralization and defining new targets along the evolving mineral corridor.