Perpetua Resources (NASDAQ:PPTA) hits a new 1-year high of $9.74

Share price of Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report ) hit a new 52-week high on Thursday. The company traded as high as $9.74 and last traded at $9.72 with a volume of 377254 shares. Shares previously closed at $9.06.

Analyst upgrades and downgrades

Several analysts have commented on the company. National Bank Financial initiated coverage on shares of Perpetua Resources in a research note on Friday, September 6th. They set an “outperform” rating on the company. HC Wainwright restated a “buy” rating and set a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd.

Get the latest stock report on PPTA

Perpetua Resources price performance

The company has a market cap of $646.09 million, a P/E ratio of -36.19 and a beta of 0.29. The company has a fifty day simple moving average of $7.73 and a 200 day simple moving average of $6.35.

Perpetua Resources (NASDAQ:PPTA – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. On average, analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Institutional investors are weighing Perpetua Resources

Several institutional investors have recently modified their holdings of PPTA. Herr Investment Group LLC purchased a new stake in Perpetua Resources in the first quarter worth $5,701,000. M&G Plc acquired a new stake in shares of Perpetua Resources in the first quarter valued at approximately $805,000. Nokomis Capital LLC bought a new stake in shares of Perpetua Resources in the first quarter valued at approximately $406,000. Marshall Wace LLP purchased a new position in Perpetua Resources in the second quarter valued at $197,000. Finally, B. Riley Financial Inc. raised its holdings in Perpetua Resources by 1.6% in the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock valued at $4,723,000 after purchasing an additional 24,152 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s shares.

About Perpetua Resources

(Get a free report)

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company mainly explores gold, silver and antimony deposits. Its principal asset is the 100% owned Stibnite Gold Project, which includes 1,672 unpatented claims, mill locations and patented lands covering approximately 11,548 hectares located in Valley County, Idaho.

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