Perpetua Resources (TSE:PPTA) Reaches New 12-Month High - Time to Buy?

Key Points

• Perpetua Resources Corp. reached a new 52-week high of C$27.43 during trading, recently closing at C$26.75 with a trading volume of 202,823 shares.
• The company focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, specifically the Stibnite Gold Project, one of the highest-grade open-pit gold deposits in the U.S.
• Perpetua has a strong financial position with a debt-to-equity ratio of 0.06 and a current ratio of 2.31, indicating robust liquidity.

Perpetua Resources Corp. (TSE:PPTA - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$27.43 and last traded at C$26.75, with a volume of 202823 shares trading hands. The stock had previously closed at C$26.22.

Perpetua Resources Trading Up 2.4%

The company's 50 day moving average price is C$23.83 and its 200 day moving average price is C$19.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 3.44. The firm has a market cap of C$2.89 billion, a PE ratio of -86.58, a price-to-earnings-growth ratio of -0.66 and a beta of -0.07.

About Perpetua Resources

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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