Perpetua Resources (TSE:PPTA) Trading Up 1.7% – Here’s Why

Shares of Perpetua Resources Corp. (TSE:PPTA) traded up 1.7% on Tuesday . The stock traded as high as C$12.62 and last traded at C$12.54. 64,700 shares traded hands during trading, an increase of 88% from the average session volume of 34,369 shares. The stock had previously closed at C$12.33.

Wall Street Analysts Forecast Growth

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

Perpetua Resources Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 3.44. The stock has a market cap of C$830.11 million, a P/E ratio of -42.93, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28. The stock’s 50-day moving average is C$12.86 and its two-hundred day moving average is C$10.24.

Insider Activity

In other Perpetua Resources news, Director Chris Dail sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$11.44, for a total value of C$91,498.62. 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.