Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) shares fell 16.5% on Friday . The stock traded as low as $10.45 and last traded at $10.00. 535,527 shares were traded during trading, a decline of 27% from the average session volume of 731,827 shares. The stock had previously closed at $11.97.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. HC Wainwright raised their price target on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. 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.
Read Our Latest Report on Perpetua Resources
Perpetua Resources Price Performance
The company has a market cap of $683.02 million, a PE ratio of -44.18 and a beta of 0.20. The business has a 50 day moving average of $11.67 and a 200 day moving average of $10.03.
Institutional Investors Weigh In On Perpetua Resources
A number of large investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in Perpetua Resources during the 4th quarter valued at approximately $37,000. Continuum Advisory LLC lifted its stake in shares of Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock valued at $44,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Perpetua Resources during the fourth quarter valued at approximately $55,000. Intech Investment Management LLC purchased a new stake in Perpetua Resources in the third quarter worth $98,000. Finally, ProShare Advisors LLC bought a new position in Perpetua Resources in the fourth quarter worth $116,000. Institutional investors own 70.07% of the company's stock.
About Perpetua Resources
(
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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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