Perpetua Resources (TSE:PPTA) Sets New 52-Week High - Here's Why

Perpetua Resources Corp. (TSE:PPTA - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$14.80 and last traded at C$14.76, with a volume of 28032 shares traded. The stock had previously closed at C$14.42.

Analysts Set New Price Targets

Separately, National Bankshares set a C$19.00 price target on Perpetua Resources and gave the stock an "outperform" rating in a research report on Friday, September 6th.

Perpetua Resources Stock Performance

The business has a 50 day moving average of C$12.20 and a 200 day moving average of C$9.67. The company has a market capitalization of C$954.14 million, a P/E ratio of -50.93, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28. The company has a quick ratio of 3.44, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, Director Chris Dail sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$11.44, for a total transaction of C$91,498.62. 0.43% of the stock is owned by corporate insiders.

Perpetua Resources Company Profile

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.