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

Rupert Resources Ltd. (CVE:RUP) shares dropped 2% on Monday . The company traded as low as C$4.50 and last traded at C$4.52. Approximately 30,205 shares changed hands during 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, BMO Capital Markets decreased their target price on shares of Rupert Resources from C$12.00 to C$8.00 in a report on Thursday, February 20th.

Rupert Resources Trading Down 2.0%

The firm’s fifty day simple moving average is C$4.52 and its two-hundred day simple moving average is C$4.52. The company has a market capitalization of C$1.09 billion and a price-to-earnings ratio of -151.74.

Insider Activity

In related news, Director Jukka Sakari Nieminen sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$5.05, for a total transaction of C$1,515,000.00.

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.