Insider Selling: Perpetua Resources (TSE:PPTA) Director Sells C$489,229.91 in Stock

Key Points

• Jonathan Cherry, a director at Perpetua Resources Corp, sold 14,911 shares for C$489,229.91, reducing his holdings by 29.15%.
• Perpetua Resources stock recently dropped 10%, closing at C$35.44, with a market capitalization of C$3.81 billion.
• The company is focused on the exploration and redevelopment of high-grade gold-antimony-silver deposits in Idaho, specifically the Stibnite Gold Project.

Perpetua Resources Corp. (TSE:PPTA - ) Director Jonathan Cherry sold 14,911 shares of Perpetua Resources stock in a transaction dated Monday, October 6th. The shares were sold at an average price of C$32.81, for a total value of C$489,229.91. Following the completion of the sale, the director directly owned 36,249 shares in the company, valued at C$1,189,329.69. This represents a 29.15% decrease in their position.

Perpetua Resources Stock Down 10.0%

Shares of PPTA stock traded down C$3.92 on Friday, hitting C$35.44. 717,417 shares of the stock were exchanged, compared to its average volume of 222,457. The company has a current ratio of 2.31, a quick ratio of 3.44 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of C$3.81 billion, a P/E ratio of -114.32, a price-to-earnings-growth ratio of -0.66 and a beta of -0.41. Perpetua Resources Corp. has a fifty-two week low of C$11.12 and a fifty-two week high of C$44.42. The business has a 50-day moving average of C$27.47 and a 200 day moving average of C$22.07.

Perpetua Resources Company Profile

Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.

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