Perseus Mining (TSE:PRU) Shares Cross Below 200-Day Moving Average – Time to Sell?

Perseus Mining Limited (TSE:PRU)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.93 and traded as low as C$4.73. Perseus Mining shares last traded at C$4.77, with a volume of 25,432 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. ATB Cormark Capital Markets upgraded shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, Perseus Mining has an average rating of “Strong Buy”.

Perseus Mining Stock Performance

The firm has a market cap of C$6.45 billion, a PE ratio of 18.36, a P/E/G ratio of -0.13 and a beta of 1.65. The stock has a 50-day moving average price of C$5.41 and a 200 day moving average price of C$4.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.23 and a quick ratio of 2.66.

About Perseus Mining

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.