Mckinsey Margaret Lyon Sells 22,710 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) 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 transaction, the insider now owns 89,154 shares of the company's stock, valued at approximately $786,338.28. This trade represents a 20.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Stock Up 12.2 %

Shares of NASDAQ:PPTA traded up $1.00 during midday trading on Tuesday, reaching $9.19. The company's stock had a trading volume of 876,937 shares, compared to its average volume of 477,234. The stock has a fifty day moving average of $10.80 and a 200 day moving average of $10.17. Perpetua Resources Corp. has a twelve month low of $3.72 and a twelve month high of $13.23. The firm has a market capitalization of $646.43 million, a PE ratio of -41.77 and a beta of 0.27.

Analyst Ratings Changes

A number of research firms recently commented on PPTA. HC Wainwright lifted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Roth Mkm lifted their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th.

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Hedge Funds Weigh In On Perpetua Resources

Institutional investors have recently modified their holdings of the stock. Fourth Sail Capital LP acquired a new stake in Perpetua Resources during the third quarter worth about $10,405,000. Intech Investment Management LLC purchased a new stake in Perpetua Resources in the 3rd quarter worth approximately $98,000. Quantbot Technologies LP acquired a new stake in shares of Perpetua Resources during the 3rd quarter worth approximately $123,000. PEAK6 Investments LLC purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at approximately $243,000. Finally, State Street Corp lifted its stake in shares of Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company's stock valued at $5,549,000 after purchasing an additional 48,220 shares during the period. Hedge funds and other institutional investors own 70.07% of the company's stock.

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.