Perpetua Resources (TSE:PPTA) Stock Price Down 17.4% - Should You Sell?

Perpetua Resources Corp. (TSE:PPTA - Get Free Report)'s stock price dropped 17.4% during mid-day trading on Friday . The stock traded as low as C$13.91 and last traded at C$14.01. Approximately 144,153 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 87,713 shares. The stock had previously closed at C$16.97.

Perpetua Resources Price Performance

The business's 50 day moving average price is C$16.66 and its 200-day moving average price is C$14.05. The company has a quick ratio of 3.44, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. The company has a market cap of C$660.32 million, a PE ratio of -28.72, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28.

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.