Perpetua Resources (TSE:PPTA) Shares Up 10.5% – Here’s Why

by · The Cerbat Gem

Perpetua Resources Corp. (TSE:PPTA – Get Free Report) shares rose 10.5% during mid-day trading on Thursday . The company traded as high as C$39.15 and last traded at C$39.15. Approximately 124,832 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 242,531 shares. The stock had previously closed at C$35.42.

Perpetua Resources Trading Up 11.6%

The firm has a market cap of C$4.82 billion, a price-to-earnings ratio of -74.58, a P/E/G ratio of -0.66 and a beta of -0.32. The firm’s 50-day moving average is C$33.76 and its 200-day moving average is C$26.28. The company has a current ratio of 2.31, a quick ratio of 3.44 and a debt-to-equity ratio of 0.06.

Perpetua Resources (TSE:PPTA – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.24 earnings per share for the quarter. As a group, sell-side analysts anticipate that Perpetua Resources Corp. will post -0.69 EPS for the current fiscal year.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, Director Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$32.81, for a total transaction of C$489,229.91. Following the completion of the sale, the director directly owned 36,249 shares of the company’s stock, valued at approximately C$1,189,329.69. The trade was a 29.15% decrease in their position. Company insiders own 0.43% of the company’s stock.

Perpetua Resources Company Profile

(Get Free Report)

Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.

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