Rupert Resources (CVE:RUP) Hits New 52-Week High at $3.70

Rupert Resources Ltd (CVE:RUP)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$3.70 and last traded at C$3.70, with a volume of 23430 shares changing hands. The stock had previously closed at C$3.58.

Separately, Canaccord Genuity set a C$2.10 price target on shares of Rupert Resources and gave the company a “speculative buy” rating in a report on Thursday, May 21st.

The stock’s fifty day moving average price is C$2.25 and its 200 day moving average price is C$1.15. The company has a quick ratio of 6.08, a current ratio of 6.14 and a debt-to-equity ratio of 1.40. The stock has a market cap of $551.92 million and a PE ratio of -97.30.

In other news, insider Alan Douglas Brimacombe purchased 50,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were purchased at an average price of C$0.70 per share, for a total transaction of C$35,000.00. Following the completion of the acquisition, the insider now directly owns 19,560,900 shares in the company, valued at approximately C$13,692,630. In the last quarter, insiders have bought 356,600 shares of company stock worth $270,238.

Rupert Resources Company Profile (CVE:RUP)

Rupert Resources Ltd. engages in the acquisition and exploration of mineral properties in Finland. It primarily explores for gold deposits. The company owns Pahtavaara gold mine, mill, and exploration permits, as well as concessions comprising 124km2 land package that is located in the Central Lapland Greenstone Belt in Northern Finland; and a 100% interest in the Gold Centre property, which is located in the Balmer Township, Red Lake mining division of Ontario.

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