Canaccord Genuity Group Increases Rupert Resources (CVE:RUP) Price Target to C$12.00

Rupert Resources (CVE:RUP) had its target price upped by Canaccord Genuity Group from C$10.25 to C$12.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Rupert Resources Price Performance

Shares of Rupert Resources stock opened at C$4.52 on Tuesday. The firm has a fifty day simple moving average of C$4.52 and a 200-day simple moving average of C$4.52. The company has a current ratio of 10.57, a quick ratio of 10.54 and a debt-to-equity ratio of 0.12. Rupert Resources has a 1-year low of C$3.53 and a 1-year high of C$6.77. The stock has a market capitalization of C$864.74 million and a price-to-earnings ratio of -94.17.

Insider Activity

In other Rupert Resources news, Director William Albert Washington bought 28,700 shares of Rupert Resources stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of C$3.00 per share, with a total value of C$86,025.38.

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.