Perpetua Resources (TSE:PPTA) Trading 2.1% Higher – Here’s Why

Shares of Perpetua Resources Corp. (TSE:PPTA) shot up 2.1% on Friday . The company traded as high as C$37.23 and last traded at C$36.56. 249,463 shares were traded during trading, an increase of 3% from the average session volume of 242,928 shares. The stock had previously closed at C$35.81.

Perpetua Resources Trading Up 2.1%

The stock has a market capitalization of C$4.46 billion, a PE ratio of -68.98, a PEG ratio of -0.66 and a beta of -0.51. The stock’s 50 day moving average price is C$32.49 and its 200-day moving average price is C$25.23. The company has a quick ratio of 3.44, a current ratio of 2.31 and a debt-to-equity ratio of 0.06.

Perpetua Resources (TSE:PPTA) last announced its quarterly earnings results on Friday, November 14th. The company reported C$0.24 EPS for the quarter. On average, sell-side analysts expect that Perpetua Resources Corp. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jonathan Cherry sold 14,911 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$32.81, for a total transaction of C$489,229.91. Following the completion of the sale, the director directly owned 36,249 shares of the company’s stock, valued at approximately C$1,189,329.69. This trade represents a 29.15% decrease in their position. 0.43% of the stock is owned by company insiders.

Perpetua Resources Company Profile

Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.