Perpetua Resources Corp. (NASDAQ:PPTA) Insider Mckinsey Margaret Lyon Sells 20,000 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) insider Mckinsey Margaret Lyon sold 20,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $11.00, for a total transaction of $220,000.00. Following the completion of the sale, the insider now directly owns 89,154 shares of the company's stock, valued at $980,694. This trade represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Wednesday, March 5th, Mckinsey Margaret Lyon sold 22,710 shares of Perpetua Resources stock. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20.

Perpetua Resources Stock Down 16.9 %

Shares of NASDAQ:PPTA traded down $1.89 on Friday, reaching $9.31. The company had a trading volume of 1,468,145 shares, compared to its average volume of 544,644. The stock has a market capitalization of $657.37 million, a P/E ratio of -42.32 and a beta of 0.12. The stock has a 50-day moving average price of $10.33 and a 200 day moving average price of $10.42. Perpetua Resources Corp. has a twelve month low of $4.96 and a twelve month high of $13.23.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. On average, sell-side analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perpetua Resources

Institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in Perpetua Resources during the fourth quarter worth $37,000. Continuum Advisory LLC grew its position in Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock worth $44,000 after purchasing an additional 4,000 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Perpetua Resources during the 4th quarter worth approximately $55,000. Intech Investment Management LLC bought a new stake in Perpetua Resources in the 3rd quarter valued at $98,000. Finally, ProShare Advisors LLC bought a new position in shares of Perpetua Resources during the 4th quarter worth about $116,000. 70.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. National Bank Financial raised Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st. Finally, HC Wainwright lifted their price target on Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a report on Friday, March 21st.

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.