Perpetua Resources (TSE:PPTA) Stock Price Up 3.2% – Here’s What Happened

Shares of Perpetua Resources Corp. (TSE:PPTA) were up 3.2% during mid-day trading on Friday . The company traded as high as C$34.06 and last traded at C$33.73. Approximately 97,357 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 173,949 shares. The stock had previously closed at C$32.67.

Analyst Ratings Changes

Separately, National Bank Financial increased their price target on Perpetua Resources from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$55.00.

Perpetua Resources Price Performance

The stock has a 50 day simple moving average of C$38.66 and a two-hundred day simple moving average of C$39.36. The firm has a market cap of C$4.22 billion, a PE ratio of -24.99, a price-to-earnings-growth ratio of -0.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.44 and a current ratio of 20.40.

Perpetua Resources (TSE:PPTA) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. Sell-side analysts expect that Perpetua Resources Corp. will post -0.69 earnings per share for the current year.

Perpetua Resources Company Profile

Perpetua Resources Corp., through its wholly owned subsidiaries, 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 Stibnite Gold 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.