Investors Purchase High Volume of Perpetua Resources Call Options (NASDAQ:PPTA)

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) saw some unusual options trading activity on Monday. Stock traders purchased 7,524 call options on the company. This represents an increase of 1,104% compared to the typical daily volume of 625 call options.

Analyst Ratings Changes

PPTA has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Perpetua Resources in a research report on Thursday, December 12th. HC Wainwright lifted their price target on Perpetua Resources from $13.25 to $22.00 and gave the company a "buy" rating in a report on Friday, November 15th.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the sale, the insider now directly owns 65,571 shares of the company's stock, valued at approximately $660,299.97. The trade was a 37.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Perpetua Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Herr Investment Group LLC lifted its stake in shares of Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $7,543,000 after purchasing an additional 80,000 shares in the last quarter. Fourth Sail Capital LP purchased a new position in Perpetua Resources in the third quarter valued at approximately $10,405,000. State Street Corp lifted its position in Perpetua Resources by 8.8% during the third quarter. State Street Corp now owns 593,502 shares of the company's stock valued at $5,549,000 after buying an additional 48,220 shares in the last quarter. Geode Capital Management LLC lifted its position in Perpetua Resources by 0.5% during the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock valued at $4,533,000 after buying an additional 2,252 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Perpetua Resources by 20.0% during the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company's stock worth $559,000 after buying an additional 17,954 shares during the period. Hedge funds and other institutional investors own 70.07% of the company's stock.

Perpetua Resources Trading Up 15.3 %

Shares of PPTA traded up $1.69 during mid-day trading on Monday, reaching $12.77. The company had a trading volume of 2,424,776 shares, compared to its average volume of 1,124,535. The stock has a market cap of $896.11 million, a price-to-earnings ratio of -58.05 and a beta of 0.19. The firm has a fifty day simple moving average of $10.63 and a 200-day simple moving average of $8.78. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $13.23.

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.