Rupert Resources Ltd (CVE:RUP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.02 and last traded at C$2.00, with a volume of 150150 shares. The stock had previously closed at C$1.88.
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 has a market cap of $194.34 million and a P/E ratio of -83.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.95 and a current ratio of 3.10. The company’s 50 day moving average price is C$1.30 and its 200-day moving average price is C$0.89.
In other news, insider Alan Douglas Brimacombe bought 37,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of C$0.72 per share, for a total transaction of C$27,000.00. Following the acquisition, the insider now directly owns 19,634,900 shares of the company’s stock, valued at approximately C$14,137,128. In the last 90 days, insiders acquired 356,300 shares of company stock worth $269,398.
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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