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Perseus Mining (TSE:PRU) Shares Pass Above 200 Day Moving Average - Here's Why

Perseus Mining logo with Basic Materials background

Perseus Mining Limited (TSE:PRU - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.38 and traded as high as C$2.50. Perseus Mining shares last traded at C$2.49, with a volume of 8,920 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Perseus Mining to a "strong-buy" rating in a research report on Thursday, October 10th.

Get Our Latest Analysis on Perseus Mining

Perseus Mining Price Performance

The firm's fifty day simple moving average is C$2.39 and its 200-day simple moving average is C$2.39. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of C$3.48 billion, a PE ratio of 7.88, a PEG ratio of -0.13 and a beta of 0.99.

Perseus Mining Company Profile

(Get Free Report)

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.

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