Perpetua Resources Corp. (NASDAQ:PPTA) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lowered its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 7.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 800,904 shares of the company's stock after selling 61,800 shares during the quarter. Krilogy Financial LLC owned approximately 1.13% of Perpetua Resources worth $8,562,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in Perpetua Resources in the 4th quarter valued at approximately $37,000. GAMMA Investing LLC raised its stake in Perpetua Resources by 1,658.4% during the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock worth $46,000 after buying an additional 4,063 shares during the period. BNP Paribas Financial Markets bought a new position in Perpetua Resources during the 4th quarter worth about $55,000. ProShare Advisors LLC bought a new position in shares of Perpetua Resources in the 4th quarter valued at about $116,000. Finally, ExodusPoint Capital Management LP bought a new position in Perpetua Resources during the fourth quarter worth about $140,000. Institutional investors own 70.07% of the company's stock.

Insider Activity at Perpetua Resources

In other news, insider Michael Stephen Wright sold 6,500 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the completion of the transaction, the insider now owns 14,195 shares in the company, valued at $196,600.75. This trade represents a 31.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $11.00, for a total transaction of $220,000.00. Following the completion of the sale, the insider now directly owns 89,154 shares of the company's stock, valued at approximately $980,694. The trade was a 18.32% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Perpetua Resources Price Performance

Shares of Perpetua Resources stock traded down $0.28 during trading hours on Friday, reaching $12.84. The company had a trading volume of 5,072,139 shares, compared to its average volume of 795,855. The firm has a market cap of $918.61 million, a PE ratio of -58.36 and a beta of 0.02. Perpetua Resources Corp. has a one year low of $5.01 and a one year high of $17.96. The business has a fifty day simple moving average of $13.86 and a 200 day simple moving average of $11.91.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). On average, research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PPTA. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd. Finally, HC Wainwright dropped their price target on Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

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.