Perpetua Resources (TSE:PPTA) Shares Down 18.5% - Should You Sell?

Perpetua Resources Corp. (TSE:PPTA - Get Free Report)'s stock price fell 18.5% during trading on Monday . The company traded as low as C$17.13 and last traded at C$17.25. 122,031 shares were traded during mid-day trading, an increase of 5% from the average session volume of 115,834 shares. The stock had previously closed at C$21.17.

Perpetua Resources Stock Performance

The company has a 50 day simple moving average of C$16.63 and a 200-day simple moving average of C$15.77. The stock has a market capitalization of C$819.16 million, a price-to-earnings ratio of -35.63, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28. The company has a quick ratio of 3.44, a current ratio of 2.31 and a debt-to-equity ratio of 0.06.

Insider Activity

In other Perpetua Resources news, Director Michael Stephen Wright sold 6,500 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of C$19.25, for a total value of C$125,134.75. Also, Director Andrew Phillip Cole acquired 7,569 shares of the business's stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$11.42 per share, for a total transaction of C$86,427.00. Insiders sold a total of 38,059 shares of company stock valued at $573,751 over the last three months. Corporate insiders own 0.43% of the company's stock.

Perpetua Resources Company Profile

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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