Perseus Mining (TSE:PRU) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Perseus Mining Limited (TSE:PRU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.38 and traded as high as C$2.50. Perseus Mining shares last traded at C$2.49, with a volume of 8,920 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded Perseus Mining to a “strong-buy” rating in a report on Thursday, October 10th.

Perseus Mining Stock Performance

The firm has a market cap of C$3.44 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The stock’s 50-day moving average price is C$2.38 and its 200 day moving average price is C$2.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66.

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.