Perpetua Resources Corp. (NASDAQ:PPTA) Short Interest Update

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,770,000 shares, a growth of 26.4% from the November 15th total of 1,400,000 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 537,800 shares, the short-interest ratio is presently 3.3 days.

Perpetua Resources Stock Performance

Shares of NASDAQ:PPTA traded up $0.48 on Monday, reaching $12.39. The company's stock had a trading volume of 821,524 shares, compared to its average volume of 313,590. The company has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $8.29. Perpetua Resources has a 52-week low of $2.69 and a 52-week high of $13.18. The company has a market cap of $869.41 million, a P/E ratio of -56.32 and a beta of 0.22.

Analysts Set New Price Targets

A number of analysts have issued reports on PPTA shares. National Bank Financial started coverage on shares of Perpetua Resources in a report on Friday, September 6th. They issued an "outperform" rating on the stock. HC Wainwright lifted their target price on Perpetua Resources from $13.25 to $22.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Roth Mkm reissued a "buy" rating and set a $15.00 price target on shares of Perpetua Resources in a research note on Thursday.

Insiders Place Their Bets

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were 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 directly owns 65,571 shares of the company's stock, valued at $660,299.97. This trade represents a 37.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Herr Investment Group LLC raised its position in Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $7,543,000 after purchasing an additional 80,000 shares during the period. Fourth Sail Capital LP purchased a new stake in Perpetua Resources during the 3rd quarter valued at $10,405,000. State Street Corp lifted its position in Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company's stock worth $5,549,000 after buying an additional 48,220 shares during the last quarter. Geode Capital Management LLC boosted its stake in Perpetua Resources by 0.5% during the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock worth $4,533,000 after buying an additional 2,252 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Perpetua Resources by 20.0% during the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company's stock worth $559,000 after buying an additional 17,954 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.

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