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

Perseus Mining Limited (TSE:PRU)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.24 and traded as low as C$4.56. Perseus Mining shares last traded at C$4.64, with a volume of 3,472 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Perseus Mining Price Performance

The company has a market cap of C$6.16 billion, a price-to-earnings ratio of 17.86, a PEG ratio of -0.13 and a beta of 1.81. The company’s 50 day moving average price is C$5.05 and its 200 day moving average price is C$5.24. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19.

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.