Silphium Asset Management Ltd Invests $1.60 Million in Perpetua Resources Corp. (NASDAQ:PPTA)

Silphium Asset Management Ltd purchased a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $1,600,000. Silphium Asset Management Ltd owned 0.21% of Perpetua Resources as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Perpetua Resources during the 3rd quarter worth about $98,000. Quantbot Technologies LP purchased a new stake in Perpetua Resources during the 3rd quarter worth about $123,000. Lane & Associates LLC lifted its holdings in Perpetua Resources by 24.0% during the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after purchasing an additional 3,095 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Perpetua Resources by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 19,870 shares of the company’s stock worth $212,000 after purchasing an additional 6,454 shares in the last quarter. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 3.9 %

NASDAQ:PPTA opened at $8.58 on Monday. The business’s 50-day moving average price is $11.09 and its two-hundred day moving average price is $10.17. Perpetua Resources Corp. has a twelve month low of $2.87 and a twelve month high of $13.23. The stock has a market cap of $603.53 million, a P/E ratio of -39.00 and a beta of 0.20.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PPTA. Roth Mkm increased their price objective on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. HC Wainwright increased their price objective on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, Director Robert Alan Dean purchased 5,000 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $8.32 per share, with a total value of $41,600.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richie Darrin Haddock acquired 5,780 shares of Perpetua Resources stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $49,476.80. Following the completion of the transaction, the director now directly owns 5,780 shares in the company, valued at approximately $49,476.80. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,230 shares of company stock valued at $166,582 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Perpetua Resources 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.