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

Rupert Resources Ltd. (CVE:RUP) shares fell 2% during mid-day trading on Tuesday . The stock traded as low as C$4.50 and last traded at C$4.52. 30,205 shares changed 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 Analyst Weigh In

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

Rupert Resources Stock Down 2.0%

The stock has a market cap of C$1.09 billion and a PE ratio of -151.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 10.54 and a current ratio of 5.58. The company’s 50-day moving average price is C$4.52 and its 200 day moving average price is C$4.52.

About Rupert Resources

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.