Perpetua Resources (TSE:PPTA) Reaches New 52-Week High - Should You Buy?

Key Points

• Perpetua Resources Corp. shares hit a new 52-week high, trading at C$39.84 during mid-day trading, with a closing price of C$39.59.
• The company's market capitalization stands at C$4.21 billion, indicating significant growth potential despite a negative P/E ratio.
• Perpetua Resources is focused on the Stibnite Gold Project in Idaho, which is known for its high-grade gold deposits and aims to restore an abandoned mine site.

Perpetua Resources Corp. (TSE:PPTA - ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$39.84 and last traded at C$39.59, with a volume of 482124 shares. The stock had previously closed at C$36.10.

Perpetua Resources Stock Performance

The company has a market cap of C$4.21 billion, a P/E ratio of -126.13, a P/E/G ratio of -0.66 and a beta of -0.41. The firm has a 50 day moving average price of C$26.32 and a 200-day moving average price of C$21.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.44 and a current ratio of 2.31.

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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