Rupert Resources (CVE:RUP) Shares Down 2% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Rupert Resources

Rupert Resources Stock Performance

The company has a market cap of C$1.09 billion and a PE ratio of -151.74. The stock has a fifty day moving average of C$4.52 and a 200-day moving average of C$4.52.

About Rupert Resources

(Get Free Report)

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.

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