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Perseus Mining (TSE:PRU) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Perseus Mining logo with Basic Materials background

Perseus Mining Limited (TSE:PRU - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.37 and traded as high as C$2.45. Perseus Mining shares last traded at C$2.44, with a volume of 25,384 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded Perseus Mining to a "strong-buy" rating in a research note on Thursday, October 10th.

Read Our Latest Analysis on Perseus Mining

Perseus Mining Trading Up 1.6 %

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 firm has a market cap of C$3.42 billion, a PE ratio of 7.75, a P/E/G ratio of -0.13 and a beta of 0.99. The company has a 50 day simple moving average of C$2.36 and a two-hundred day simple moving average of C$2.37.

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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