Rupert Resources (OTCMKTS:RUPRF) Shares Up 3.4% – Still a Buy?

Shares of Rupert Resources Ltd. (OTCMKTS:RUPRF) rose 3.4% during mid-day trading on Tuesday . The company traded as high as $5.59 and last traded at $5.57. Approximately 25,150 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 102,709 shares. The stock had previously closed at $5.3865.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Rupert Resources in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Rupert Resources Price Performance

The company’s 50 day moving average is $5.06 and its 200-day moving average is $4.42.

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.