Wolverine Trading LLC Takes $241,000 Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Wolverine Trading LLC acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,327 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors have also modified their holdings of PPTA. Fourth Sail Capital LP bought a new stake in Perpetua Resources during the 3rd quarter valued at $10,405,000. Herr Investment Group LLC increased its holdings in shares of Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after purchasing an additional 80,000 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Perpetua Resources during the first quarter valued at about $51,000. American Century Companies Inc. acquired a new stake in Perpetua Resources in the second quarter worth about $124,000. Finally, Marshall Wace LLP bought a new position in Perpetua Resources in the 2nd quarter valued at about $197,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Insider Transactions at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares in the company, valued at approximately $660,299.97. This represents a 37.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

PPTA has been the topic of a number of recent analyst reports. National Bank Financial assumed coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They set an “outperform” rating on the stock. Roth Mkm reissued a “buy” rating and set a $15.00 target price on shares of Perpetua Resources in a report on Thursday. Finally, HC Wainwright upped their target price on Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Perpetua Resources Trading Up 0.8 %

Shares of Perpetua Resources stock opened at $11.91 on Monday. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $13.18. The stock has a market cap of $835.72 million, a PE ratio of -54.14 and a beta of 0.22. The company’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $8.25.

About Perpetua Resources

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.