Perseus Mining (TSE:PRU) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Perseus Mining Limited (TSE:PRU) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.26 and traded as low as C$5.00. Perseus Mining shares last traded at C$5.04, with a volume of 33,070 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRU shares. UBS Group raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research 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 report on Tuesday, March 17th. Finally, Citigroup raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Perseus Mining Stock Up 0.8%

The company has a market capitalization of C$6.79 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of -0.13 and a beta of 1.93. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of C$5.27 and a two-hundred day moving average price of C$5.26.

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.