Perpetua Resources (NASDAQ:PPTA) Trading Up 7.1% - Here's What Happened

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) traded up 7.1% on Tuesday . The stock traded as high as $11.44 and last traded at $11.44. 402,432 shares changed hands during trading, an increase of 20% from the average session volume of 335,366 shares. The stock had previously closed at $10.68.

Analyst Ratings Changes

A number of analysts recently issued reports on PPTA shares. Roth Mkm restated a "buy" rating and issued a $15.00 price target on shares of Perpetua Resources in a research report on Thursday, December 12th. National Bank Financial started coverage on shares of Perpetua Resources in a research note on Friday, September 6th. They issued an "outperform" rating on the stock. Finally, HC Wainwright upped their price target on shares of Perpetua Resources from $13.25 to $22.00 and gave the company a "buy" rating in a report on Friday, November 15th.

Perpetua Resources Trading Up 7.4 %

The stock has a 50 day moving average of $10.39 and a 200-day moving average of $8.47. The stock has a market capitalization of $804.80 million, a P/E ratio of -52.14 and a beta of 0.22.

Insider Transactions at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources 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 owns 65,571 shares of the company's stock, valued at approximately $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Perpetua Resources

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC increased its holdings in Perpetua Resources by 43.6% during the third quarter. Virtu Financial LLC now owns 34,478 shares of the company's stock valued at $322,000 after buying an additional 10,463 shares during the period. Barclays PLC boosted its position in Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company's stock valued at $694,000 after acquiring an additional 28,746 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock valued at $4,533,000 after acquiring an additional 2,252 shares during the period. Continuum Advisory LLC raised its position 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 worth $44,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock worth $597,000 after purchasing an additional 2,605 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other 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.