Rupert Resources Ltd. (OTCMKTS:RUPRF) Short Interest Update

Rupert Resources Ltd. (OTCMKTS:RUPRF) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,014,254 shares, a decline of 36.8% from the April 15th total of 1,604,673 shares. Based on an average daily volume of 517,585 shares, the short-interest ratio is currently 2.0 days.

Rupert Resources Trading Down 0.7%

Shares of RUPRF stock traded down $0.05 on Monday, reaching $7.43. 33,494 shares of the stock were exchanged, compared to its average volume of 140,129. Rupert Resources has a one year low of $3.39 and a one year high of $8.75. The stock has a 50 day moving average price of $6.00 and a 200 day moving average price of $5.18.

Analysts Set New Price Targets

Separately, Scotiabank restated an “outperform” rating on shares of Rupert Resources in a research note on Monday, January 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Rupert Resources has an average rating of “Buy”.

Rupert Resources Company Profile

Rupert Resources Inc is a Canada-based mineral exploration and development company listed on the OTC Markets under the symbol RUPRF. The company is primarily focused on the discovery, evaluation and advancement of gold projects, with a strategic emphasis on high-grade assets in underexplored jurisdictions.

Rupert’s flagship asset is the Ikkari gold project in northern Finland, which includes the historic Pahtavaara mine area. Exploration activities at Ikkari have consisted of systematic drilling campaigns, geophysical surveys and metallurgical testing aimed at expanding known mineralization and defining new targets along the evolving mineral corridor.