Alan Douglas Haslam Sells 40,000 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the transaction, the insider now directly owns 65,571 shares of the company’s stock, valued at $660,299.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Perpetua Resources Price Performance

PPTA stock opened at $9.90 on Friday. The company’s 50-day moving average is $9.04 and its 200-day moving average is $7.10. The stock has a market capitalization of $659.04 million, a PE ratio of -47.14 and a beta of 0.29. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $10.72.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. On average, analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PPTA has been the subject of several research analyst reports. National Bank Financial started coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating for the company. Roth Mkm lifted their target price on Perpetua Resources from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, HC Wainwright restated a “buy” rating and set a $13.25 price target on shares of Perpetua Resources in a report on Thursday, August 22nd.

Hedge Funds Weigh In On Perpetua Resources

Large investors have recently modified their holdings of the company. U S Global Investors Inc. acquired a new position in Perpetua Resources during the third quarter worth $234,000. SG Americas Securities LLC bought a new stake in shares of Perpetua Resources during the third quarter worth about $125,000. Marshall Wace LLP acquired a new stake in shares of Perpetua Resources in the 2nd quarter worth about $197,000. Herr Investment Group LLC lifted its position in Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after acquiring an additional 80,000 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in Perpetua Resources during the 2nd quarter valued at about $124,000. 70.07% of the stock is currently owned by institutional investors.

About Perpetua Resources

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.