K2 Principal Fund L.P. Purchases Shares of 170,000 Perpetua Resources Corp. (NASDAQ:PPTA)

K2 Principal Fund L.P. acquired a new stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 170,000 shares of the company's stock, valued at approximately $1,814,000. K2 Principal Fund L.P. owned about 0.24% of Perpetua Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ancora Advisors LLC bought a new position in shares of Perpetua Resources during the 4th quarter worth $37,000. BNP Paribas Financial Markets bought a new position in Perpetua Resources during the fourth quarter worth about $55,000. ExodusPoint Capital Management LP bought a new position in Perpetua Resources during the fourth quarter worth about $140,000. Price T Rowe Associates Inc. MD increased its stake in shares of Perpetua Resources by 24.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock worth $168,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Lane & Associates LLC raised its position in shares of Perpetua Resources by 24.0% in the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock valued at $189,000 after purchasing an additional 3,095 shares during the period. 70.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. National Bank Financial raised shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. 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 report on Tuesday. Finally, National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd.

Perpetua Resources Stock Performance

NASDAQ PPTA traded down $0.86 on Wednesday, hitting $11.43. The stock had a trading volume of 263,406 shares, compared to its average volume of 644,830. The firm has a 50-day moving average of $11.95 and a 200-day moving average of $11.15. Perpetua Resources Corp. has a 52-week low of $5.01 and a 52-week high of $15.44. The company has a market capitalization of $814.44 million, a price-to-earnings ratio of -51.95 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). As a group, research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Perpetua Resources

In related news, Director Richie Darrin Haddock purchased 5,780 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $8.56 per share, with a total value of $49,476.80. Following the acquisition, the director now directly owns 5,780 shares of the company's stock, valued at approximately $49,476.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Alan Dean acquired 5,000 shares of the stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $83,200. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. Insiders own 1.50% of the company's stock.

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.