Rupert Resources (CVE:RUP) Shares Down 2% – Should You Sell?

by · The Markets Daily

Rupert Resources Ltd. (CVE:RUP – Get Free Report) shares were down 2% on Monday . The stock traded as low as C$4.50 and last traded at C$4.52. Approximately 30,204 shares were traded during trading, a decline of 52% from the average daily volume of 63,094 shares. The stock had previously closed at C$4.61.

Rupert Resources Price Performance

The company has a quick ratio of 10.54, a current ratio of 10.57 and a debt-to-equity ratio of 0.12. The business’s 50 day simple moving average is C$4.52 and its two-hundred day simple moving average is C$4.52. The stock has a market capitalization of C$864.74 million and a P/E ratio of -94.17.

Insider Activity at Rupert Resources

In related news, Director William Albert Washington acquired 40,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of C$3.58 per share, with a total value of C$143,200.00. In other Rupert Resources news, Director James Withall sold 487,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$4.02, for a total value of C$1,959,750.00. Also, Director William Albert Washington bought 40,000 shares of Rupert Resources stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of C$3.58 per share, with a total value of C$143,200.00. In the last quarter, insiders have sold 823,850 shares of company stock valued at $3,265,078.

Rupert Resources Company Profile

(Get Free Report)

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.

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