Rupert Resources (CVE:RUP) Downgraded to Tender Rating by ATB Cormark Capital Markets

Rupert Resources (CVE:RUP) was downgraded by analysts at ATB Cormark Capital Markets from an “outperform” rating to a “tender” rating in a report issued on Tuesday,BayStreet.CA reports. They currently have a C$15.00 price objective on the stock, down from their prior price objective of C$22.00. ATB Cormark Capital Markets’ target price points to a potential upside of 231.86% from the company’s previous close.

Rupert Resources Price Performance

Rupert Resources stock traded down C$0.09 during mid-day trading on Tuesday, hitting C$4.52. 30,205 shares of the company’s stock traded hands, compared to its average volume of 63,094. The firm has a 50 day simple moving average of C$4.52 and a two-hundred day simple moving average of C$4.52. Rupert Resources has a fifty-two week low of C$3.53 and a fifty-two week high of C$6.77. The stock has a market cap of C$1.09 billion and a price-to-earnings ratio of -151.74.

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.