Josh Young Purchases 304,000 Shares of RMP Energy Inc (RMP) Stock

RMP Energy Inc (TSE:RMP) Director Josh Young bought 304,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of C$0.52 per share, for a total transaction of C$158,080.00.

Shares of RMP Energy Inc (TSE RMP) opened at 0.52 on Wednesday. The firm’s market capitalization is $78.53 million. The company’s 50-day moving average is $0.53 and its 200-day moving average is $0.67. RMP Energy Inc has a 12-month low of $0.42 and a 12-month high of $1.09.

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RMP has been the topic of a number of research reports. Raymond James Financial, Inc. raised shares of RMP Energy from an “underperform” rating to a “market perform” rating and raised their target price for the company from C$0.40 to C$0.65 in a research note on Tuesday, September 5th. National Bank Financial raised their target price on shares of RMP Energy from C$0.90 to C$1.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. Finally, Scotiabank raised their price target on shares of RMP Energy from C$0.70 to C$0.75 and gave the company a “sector perform” rating in a report on Thursday, July 27th.

RMP Energy Company Profile

RMP Energy Inc is a Canada-based independent crude oil and natural gas company. The Company is engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves in the Western Canadian Sedimentary Basin within the province of Alberta, Canada.

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