Perseus Mining (TSE:PRU) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.26 and traded as low as C$4.57. Perseus Mining shares last traded at C$4.73, with a volume of 53,722 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRU. ATB Cormark Capital Markets raised Perseus Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 17th. Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Perseus Mining currently has a consensus rating of “Strong Buy”.

Perseus Mining Trading Down 2.3%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The stock’s 50-day simple moving average is C$5.12 and its 200-day simple moving average is C$5.26. The firm has a market capitalization of C$6.28 billion, a PE ratio of 18.21, a P/E/G ratio of -0.13 and a beta of 1.81.

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.