Perseus Mining (TSE:PRU) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.37 and traded as high as C$2.45. Perseus Mining shares last traded at C$2.44, with a volume of 25,384 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a report on Thursday, October 10th.

Perseus Mining Stock Performance

The firm has a 50 day simple moving average of C$2.36 and a 200-day simple moving average of C$2.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66. The company has a market cap of C$3.37 billion, a price-to-earnings ratio of 7.63, a PEG ratio of -0.13 and a beta of 0.99.

Perseus Mining Company Profile

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.