Rupert Resources (CVE:RUP) Shares Down 2% – Here’s What Happened

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

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

Insider Buying and Selling

In related news, Director James Withall sold 487,500 shares of the company’s stock in a transaction 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. In other news, Senior Officer Jeffrey Laszlo Karoly sold 23,388 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$3.53, for a total value of C$82,559.64. Also, Director James Withall sold 487,500 shares of the business’s stock in a transaction that occurred on 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. Insiders sold a total of 823,850 shares of company stock valued at $3,265,078 over the last three months.

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.