Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,584,421 shares traded hands during mid-day trading, an increase of 104% from the previous session's volume of 777,809 shares.The stock last traded at $13.13 and had previously closed at $13.12.
Wall Street Analyst Weigh In
A number of analysts recently commented on PPTA shares. HC Wainwright dropped their price objective on Perpetua Resources from $28.00 to $27.50 and set a "buy" rating for the company in a research report on Tuesday, May 13th. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. Finally, National Bankshares reissued an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd.
View Our Latest Stock Analysis on PPTA
Perpetua Resources Stock Up 1.2%
The firm has a market cap of $930.06 million, a price-to-earnings ratio of -59.09 and a beta of 0.02. The firm has a fifty day moving average price of $13.86 and a 200-day moving average price of $11.92.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Mckinsey Margaret Lyon sold 20,000 shares of the company's stock in a transaction on 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 in the company, valued at $980,694. This represents a 18.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Stephen Wright sold 6,500 shares of the stock in a transaction 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 completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.
Institutional Investors Weigh In On Perpetua Resources
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of Perpetua Resources in the 4th quarter valued at about $37,000. GAMMA Investing LLC raised its holdings in Perpetua Resources by 1,658.4% in the first quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock valued at $46,000 after buying an additional 4,063 shares during the period. North Capital Inc. acquired a new position in Perpetua Resources during the first quarter valued at approximately $53,000. BNP Paribas Financial Markets purchased a new stake in Perpetua Resources during the fourth quarter worth approximately $55,000. Finally, Quantbot Technologies LP purchased a new stake in Perpetua Resources during the first quarter worth approximately $76,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.
About Perpetua Resources
(
Get Free Report)
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.
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