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

Rupert Resources (CVE:RUP) had its price objective boosted by equities researchers at Canaccord Genuity Group from C$10.25 to C$12.00 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 165.49% from the stock’s previous close.

Rupert Resources Stock Performance

Rupert Resources stock traded down C$0.09 during trading hours on Tuesday, hitting C$4.52. The company had a trading volume of 30,205 shares, compared to its average volume of 63,094. The firm has a 50-day moving average of C$4.52 and a 200 day moving average of C$4.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 10.57 and a quick ratio of 10.54. The firm has a market cap of C$864.74 million and a PE ratio of -94.17. Rupert Resources has a one year low of C$3.53 and a one year high of C$6.77.

Insider Buying and Selling

In other news, Director William Albert Washington acquired 28,700 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost 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.