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Perpetua Resources (TSE:PPTA) Reaches New 12-Month High - Still a Buy?

Perpetua Resources logo with Basic Materials background

Key Points

  • Perpetua Resources Corp. shares reached a new 12-month high, trading as high as C$24.99.
  • The company focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, specifically in the Stibnite Gold Project.
  • Perpetua Resources has a low debt-to-equity ratio of 0.06, indicating financial stability in its operations.
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Shares of Perpetua Resources Corp. (TSE:PPTA - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$24.99 and last traded at C$24.25, with a volume of 141986 shares trading hands. The stock had previously closed at C$24.22.

Perpetua Resources Trading Up 0.5%

The company has a quick ratio of 3.44, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. The firm's 50 day moving average is C$20.42 and its two-hundred day moving average is C$17.94. The stock has a market cap of C$1.22 billion, a price-to-earnings ratio of -52.90, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28.

About Perpetua Resources

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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