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Perseus Mining (TSE:PRU) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Perseus Mining logo with Basic Materials background

Perseus Mining Limited (TSE:PRU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.39 and traded as high as C$2.59. Perseus Mining shares last traded at C$2.55, with a volume of 24,029 shares traded.

Analysts Set New Price Targets

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

Check Out Our Latest Report on PRU

Perseus Mining Trading Down 0.8 %

The stock has a market cap of C$3.52 billion, a PE ratio of 7.97, a price-to-earnings-growth 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. The company has a 50 day moving average of C$2.40 and a two-hundred day moving average of C$2.39.

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.

Further Reading

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