Perpetua Resources Corp. (NASDAQ:PPTA) Insider Sells $402,800.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) insider Alan Douglas Haslam sold 40,000 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares in the company, valued at $660,299.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Perpetua Resources Trading Up 3.0 %

Shares of NASDAQ PPTA traded up $0.31 during mid-day trading on Tuesday, reaching $10.69. The company had a trading volume of 307,485 shares, compared to its average volume of 254,966. The stock has a market cap of $689.98 million, a price-to-earnings ratio of -39.59 and a beta of 0.29. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $10.71. The business's 50-day moving average is $8.97 and its 200-day moving average is $7.08.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. As a group, equities research analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PPTA shares. HC Wainwright reissued a "buy" rating and set a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd. National Bank Financial started coverage on shares of Perpetua Resources in a research note on Friday, September 6th. They set an "outperform" rating for the company.

Institutional Investors Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Herr Investment Group LLC purchased a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $5,701,000. M&G Plc purchased a new stake in shares of Perpetua Resources during the 1st quarter worth $805,000. Nokomis Capital L.L.C. purchased a new stake in shares of Perpetua Resources during the 1st quarter worth $406,000. Marshall Wace LLP bought a new stake in Perpetua Resources during the second quarter valued at about $197,000. Finally, U S Global Investors Inc. purchased a new position in Perpetua Resources in the third quarter valued at about $234,000. 70.07% of the stock is owned by institutional investors.

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.