Rupert Resources (OTCMKTS:RUPRF) Trading 1.1% Higher – What’s Next?

Rupert Resources Ltd. (OTCMKTS:RUPRF) rose 1.1% during mid-day trading on Monday . The company traded as high as $4.95 and last traded at $4.79. Approximately 72,133 shares traded hands during mid-day trading, an increase of 86% from the average daily volume of 38,797 shares. The stock had previously closed at $4.74.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Rupert Resources in a report on Thursday, October 23rd. National Bankshares assumed coverage on Rupert Resources in a research report on Wednesday, October 22nd. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Rupert Resources Stock Up 1.1%

The firm’s fifty day simple moving average is $4.18 and its 200 day simple moving average is $3.97.

Rupert Resources Company Profile

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.