Arrien Investments Inc. Takes $572,000 Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Arrien Investments Inc. acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,283 shares of the company's stock, valued at approximately $572,000. Perpetua Resources makes up 0.4% of Arrien Investments Inc.'s investment portfolio, making the stock its 24th biggest holding. Arrien Investments Inc. owned 0.07% of Perpetua Resources at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock worth $4,533,000 after purchasing an additional 2,252 shares during the last quarter. Jane Street Group LLC boosted its position in Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock valued at $597,000 after buying an additional 2,605 shares during the period. Lane & Associates LLC grew its holdings in Perpetua Resources by 24.0% in the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock worth $189,000 after acquiring an additional 3,095 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock valued at $44,000 after acquiring an additional 4,000 shares during the period. Finally, U S Global Investors Inc. increased its position in shares of Perpetua Resources by 20.0% in the fourth quarter. U S Global Investors Inc. now owns 30,000 shares of the company's stock valued at $320,000 after acquiring an additional 5,000 shares during the period. 70.07% of the stock is owned by institutional investors.

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Insider Activity

In other Perpetua Resources news, insider Alan Douglas Haslam sold 10,400 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the sale, the insider now directly owns 65,763 shares in the company, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20. Following the completion of the transaction, the insider now owns 89,154 shares of the company's stock, valued at approximately $786,338.28. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 20,230 shares of company stock worth $166,582 in the last quarter. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PPTA. Roth Mkm raised their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. HC Wainwright increased their price objective on Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Friday.

Perpetua Resources Stock Down 2.3 %

Shares of NASDAQ:PPTA traded down $0.26 on Friday, hitting $11.20. The company had a trading volume of 4,818,278 shares, compared to its average volume of 509,812. The firm's 50-day simple moving average is $10.56 and its two-hundred day simple moving average is $10.24. The firm has a market capitalization of $787.82 million, a price-to-earnings ratio of -50.91 and a beta of 0.27. Perpetua Resources Corp. has a 1 year low of $4.02 and a 1 year high of $13.23.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. Equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

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.