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

Perseus Mining Limited (TSE:PRU)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.26 and traded as low as C$5.26. Perseus Mining shares last traded at C$5.38, with a volume of 9,461 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PRU. Citigroup raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. ATB Cormark Capital Markets raised Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Perseus Mining Stock Performance

The firm’s fifty day moving average price is C$5.25 and its 200-day moving average price is C$5.26. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. The company has a market cap of C$7.24 billion, a P/E ratio of 20.71, a P/E/G ratio of -0.13 and a beta of 1.72.

Perseus Mining Company Profile

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.