Perpetua Resources (TSE:PPTA) Reaches New 52-Week High - Time to Buy?

Key Points

• Perpetua Resources Corp. reached a new 52-week high of C$26.42 during trading, closing at C$25.30 with a volume of 151,795 shares.
• The company has a market capitalization of C$2.77 billion and a very low debt-to-equity ratio of 0.06.
• Perpetua is focused on the Stibnite Gold Project in Idaho, one of the highest-grade gold deposits in the U.S., aimed at responsible mining and site restoration.

Shares of Perpetua Resources Corp. (TSE:PPTA - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$26.42 and last traded at C$25.30, with a volume of 151795 shares trading hands. The stock had previously closed at C$25.92.

Perpetua Resources Price Performance

The company has a fifty day simple moving average of C$22.32 and a two-hundred day simple moving average of C$18.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.44 and a current ratio of 2.31. The company has a market capitalization of C$2.75 billion, a price-to-earnings ratio of -82.32, a P/E/G 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.