Rupert Resources (CVE:RUP) Stock Price Down 2% – Here’s Why

Rupert Resources Ltd. (CVE:RUP) shares were down 2% during mid-day trading on Monday . The company traded as low as C$4.50 and last traded at C$4.52. Approximately 30,204 shares traded hands during mid-day 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 Stock Down 2.0 %

The stock has a market capitalization of C$864.74 million and a P/E ratio of -94.17. 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 50-day simple moving average of C$4.52 and a 200 day simple moving average of C$4.52.

Insider Buying and Selling at Rupert Resources

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

Rupert Resources Company Profile

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.