Rubicon Minerals Corp. (TSE:RMX) Director David Alexander Stephe Palmer purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of C$1.57 per share, for a total transaction of C$39,250.00.

Rubicon Minerals Corp. (TSE RMX) remained flat at $1.53 during trading on Thursday. The company’s stock had a trading volume of 12,129 shares. The company has a 50 day moving average price of $1.66 and a 200 day moving average price of $3.17. Rubicon Minerals Corp. has a one year low of $1.30 and a one year high of $14.58. The company has a market cap of $88.55 million and a price-to-earnings ratio of 0.26.

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Separately, TD Securities dropped their price target on shares of Rubicon Minerals Corp. from C$4.00 to C$3.75 and set a “speculative buy” rating on the stock in a research note on Tuesday, March 7th.

About Rubicon Minerals Corp.

Rubicon Minerals Corporation is an exploration-stage company. The Company owns the Phoenix gold project, located in the Red Lake gold district in northwestern Ontario, Canada. The Company’s segment is the mining business in North America. It also controls over 100 square miles of exploration ground in the Red Lake gold district and approximately 350 square miles of mineral property interests in the Long Canyon gold district that straddles the Nevada-Utah border in the United States.

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