RMP Energy Inc. (RMP) Director Purchases C$186,660.00 in Stock

RMP Energy Inc. (TSE:RMP) Director Josh Young purchased 274,500 shares of the business’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of C$0.68 per share, with a total value of C$186,660.00.

Josh Young also recently made the following trade(s):

  • On Friday, October 27th, Josh Young purchased 655,900 shares of RMP Energy stock. The shares were bought at an average cost of C$0.70 per share, with a total value of C$459,130.00.
  • On Thursday, September 7th, Josh Young purchased 304,000 shares of RMP Energy stock. The shares were bought at an average cost of C$0.52 per share, with a total value of C$158,080.00.

RMP Energy Inc. (TSE:RMP) traded down C$0.01 during trading hours on Wednesday, hitting C$0.68. The company had a trading volume of 285,168 shares, compared to its average volume of 342,738. RMP Energy Inc. has a 12 month low of C$0.42 and a 12 month high of C$0.90.

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Several research firms have issued reports on RMP. Raymond James Financial, Inc. lowered RMP Energy from a “market perform” rating to an “underperform” rating and cut their price target for the company from C$0.60 to C$0.55 in a report on Wednesday, November 15th. Eight Capital reissued a “buy” rating and set a C$1.00 price target on shares of RMP Energy in a report on Wednesday, September 27th. National Bank Financial upped their price objective on RMP Energy to C$0.90 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Scotiabank upped their price objective on RMP Energy from C$0.70 to C$0.75 and gave the stock a “sector perform” rating in a research note on Thursday, July 27th. Finally, Macquarie raised RMP Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$0.65 to C$0.85 in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$0.83.

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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