Polar Asset Management Partners Inc. Invests $1.94 Million in Perpetua Resources Corp. (NASDAQ:PPTA)

Polar Asset Management Partners Inc. acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 181,491 shares of the company's stock, valued at approximately $1,937,000. Polar Asset Management Partners Inc. owned approximately 0.26% of Perpetua Resources at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Squarepoint Ops LLC lifted its stake in Perpetua Resources by 222.4% in the 4th quarter. Squarepoint Ops LLC now owns 246,029 shares of the company's stock worth $2,625,000 after acquiring an additional 169,713 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Perpetua Resources during the 4th quarter worth about $143,000. ProShare Advisors LLC purchased a new stake in shares of Perpetua Resources during the 4th quarter worth about $116,000. Millennium Management LLC raised its stake in shares of Perpetua Resources by 226.7% during the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company's stock worth $3,954,000 after purchasing an additional 257,130 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Perpetua Resources by 186.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,278 shares of the company's stock worth $644,000 after purchasing an additional 39,219 shares in the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 6,500 shares of Perpetua Resources stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total value of $90,025.00. Following the transaction, the insider now directly owns 14,195 shares of the company's stock, valued at $196,600.75. The trade was a 31.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $11.00, for a total value of $220,000.00. Following the completion of the transaction, the insider now directly owns 89,154 shares in the company, valued at approximately $980,694. This represents a 18.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,210 shares of company stock valued at $510,327. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Perpetua Resources Price Performance

Shares of PPTA stock traded up $0.13 during trading on Friday, reaching $13.81. The company had a trading volume of 777,815 shares, compared to its average volume of 689,884. The firm's 50 day simple moving average is $12.75 and its two-hundred day simple moving average is $11.47. Perpetua Resources Corp. has a one year low of $5.01 and a one year high of $15.44. The company has a market capitalization of $984.46 million, a PE ratio of -62.77 and a beta of 0.06.

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

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.