Ruger has just announced that they will be producing the SP101 double-action revolver chambered for the .22 LR cartridge. While it isn't exactly new – the .22 LR SP101 was produced in small quantities between 1989 and 2003 – with the high cost of ammunition these days, a double-action .22 LR revolver is something that was sorely lacking from the Ruger stable.

The reintroduced .22 LR SP101 has an 8-shot cylinder, adjustable fiber-optic sights, a 4.2" barrel, and weighs 30 ounces. MSRP is $675 – while you won't save any money getting a .22 LR SP101 versus the larger chamberings (.38 Special, .357 Magnum, and .327 Federal Magnum), you will definitely save quite a bit on ammunition.

From the press release:

Sturm, Ruger & Company, Inc. (NYSE: RGR) announces a new SP101® revolver chambered for the .22 Long Rifle, the most popular cartridge in the world. The new .22 LR Ruger® SP101 is true to Ruger standards of rugged reliability and perfect for those seeking a quality small frame revolver. This new SP101 will appeal to firearm instructors and enthusiasts who want to practice and perfect their shooting skills, or just spend time plinking with inexpensive rimfire ammo.

"We were constantly receiving feedback from our customers asking us to produce the SP101 in .22 LR and, once again, we listened to those requests and have produced a very impressive package," said Chris Killoy, Ruger Vice President of Sales and Marketing. "Ruger re-engineered the SP101 to chamber eight rounds instead of the traditional six, improved the sights, and maintained the same classic features that SP101 owners know and appreciate," Killoy added.

The 30-ounce double-action revolver is made of weather resistant stainless steel with a satin finish for longevity and good looks. The walnut grip panels inset in the one-piece rubber grip are checkered and engraved. The revolver features a fully adjustable square-notch rear sight and fiber-optic, square-post front sight. The 4.2-inch barrel features a half shroud covering the ejector rod.