Perpetua Resources (TSE:PPTA) Reaches New 1-Year High – Here’s What Happened

Perpetua Resources Corp. (TSE:PPTA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.80 and last traded at C$14.76, with a volume of 28032 shares. The stock had previously closed at C$14.42.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$19.00 price objective on Perpetua Resources and gave the stock an “outperform” rating in a research note on Friday, September 6th.

Perpetua Resources Trading Up 2.4 %

The company has a current ratio of 1.53, a quick ratio of 3.44 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of C$12.08 and a 200-day simple moving average of C$9.61. The firm has a market cap of C$954.14 million, a P/E ratio of -50.45, a P/E/G ratio of -0.66 and a beta of 1.28.

Insiders Place Their Bets

In other news, Director Chris Dail sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$11.44, for a total transaction of C$91,498.62. Corporate insiders own 0.43% of the company’s stock.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.