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Perseus Mining (TSE:PRU) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Perseus Mining logo with Basic Materials background

Perseus Mining Limited (TSE:PRU - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.35 and traded as low as C$2.31. Perseus Mining shares last traded at C$2.37, with a volume of 21,380 shares trading hands.

Wall Street Analysts Forecast Growth

PRU has been the topic of several recent research reports. UBS Group upgraded shares of Perseus Mining to a "strong-buy" rating in a research report on Monday, September 16th. Canaccord Genuity Group raised shares of Perseus Mining to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Cormark boosted their target price on shares of Perseus Mining from C$2.60 to C$2.70 and gave the stock a "moderate buy" rating in a research report on Thursday, August 29th.

Check Out Our Latest Analysis on PRU

Perseus Mining Trading Up 0.9 %

The business has a fifty day moving average price of C$2.46 and a 200 day moving average price of C$2.35. The company has a market capitalization of C$3.27 billion, a PE ratio of 7.41, a P/E/G ratio of -0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64.

About Perseus Mining

(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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