Perpetua Resources (TSE:PPTA) Trading Up 1.7% – Time to Buy?

Perpetua Resources Corp. (TSE:PPTA) traded up 1.7% on Tuesday . The stock traded as high as C$12.62 and last traded at C$12.54. 64,700 shares traded hands during mid-day trading, an increase of 88% from the average session volume of 34,369 shares. The stock had previously closed at C$12.33.

Analysts Set New Price Targets

Separately, National Bankshares set a C$19.00 price objective on Perpetua Resources and gave the stock an “outperform” rating in a research report on Friday, September 6th.

Perpetua Resources Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.44 and a current ratio of 1.53. The firm has a market capitalization of C$810.08 million, a PE ratio of -43.24, a P/E/G ratio of -0.66 and a beta of 1.28. The stock’s 50-day simple moving average is C$12.79 and its 200-day simple moving average is C$10.19.

Insider Activity at Perpetua Resources

In other news, Director Chris Dail sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$11.44, for a total value of C$91,498.62. 0.43% of the stock is owned by corporate insiders.

Perpetua Resources Company Profile

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.