Perpetua Resources (NASDAQ:PPTA) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Perpetua Resources (NASDAQ:PPTA) posted its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03, Zacks reports.

Perpetua Resources Price Performance

NASDAQ:PPTA traded up $0.38 during midday trading on Wednesday, hitting $11.15. The company’s stock had a trading volume of 814,297 shares, compared to its average volume of 486,790. Perpetua Resources has a fifty-two week low of $3.85 and a fifty-two week high of $13.23. The firm’s 50 day moving average is $10.61 and its 200-day moving average is $10.22. The firm has a market cap of $784.30 million, a P/E ratio of -50.68 and a beta of 0.27.

Analysts Set New Price Targets

Several research firms have recently issued reports on PPTA. Roth Mkm upped their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. HC Wainwright upped their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Insiders Place Their Bets

In other Perpetua Resources news, Director Andrew Phillip Cole bought 9,450 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the transaction, the director now directly owns 9,450 shares of the company’s stock, valued at approximately $75,505.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $8.82, for a total value of $200,302.20. Following the transaction, the insider now owns 89,154 shares in the company, valued at $786,338.28. This trade represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 20,230 shares of company stock worth $166,582. Corporate insiders own 1.90% 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.