Perseus Mining (TSE:PRU) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Perseus Mining Limited (TSE:PRU)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.35 and traded as low as C$2.31. Perseus Mining shares last traded at C$2.37, with a volume of 21,380 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Canaccord Genuity Group upgraded shares of Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th. Cormark raised their price objective on shares of Perseus Mining from C$2.60 to C$2.70 and gave the company a “moderate buy” rating in a research report on Thursday, August 29th. Finally, UBS Group raised Perseus Mining to a “strong-buy” rating in a report on Monday, September 16th.

Perseus Mining Price Performance

The stock has a fifty day moving average of C$2.46 and a two-hundred day moving average of C$2.35. The stock has a market cap of C$3.27 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18.

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.