Perpetua Resources (TSE:PPTA) Trading Up 1.7% - Here's What Happened

Perpetua Resources Corp. (TSE:PPTA - Get Free Report)'s stock price was up 1.7% during mid-day trading on Tuesday . The company traded as high as C$12.62 and last traded at C$12.54. Approximately 64,700 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 34,369 shares. The stock had previously closed at C$12.33.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$19.00 target price on Perpetua Resources and gave the stock an "outperform" rating in a research note on Friday, September 6th.

Perpetua Resources Trading Down 0.7 %

The firm has a fifty day simple moving average of C$12.83 and a two-hundred day simple moving average of C$10.22. The firm has a market cap of C$804.27 million, a PE ratio of -44.21, a PEG ratio of -0.66 and a beta of 1.28. The company has a current ratio of 1.53, a quick ratio of 3.44 and a debt-to-equity ratio of 0.09.

Insider Activity

In related news, Director Chris Dail sold 8,000 shares of Perpetua Resources stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$11.44, for a total transaction of C$91,498.62. Company insiders own 0.43% 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.