Perpetua Resources (TSE:PPTA) Trading Down 5% - Here's Why

Perpetua Resources Corp. (TSE:PPTA - Get Free Report)'s share price was down 5% on Tuesday . The stock traded as low as C$17.02 and last traded at C$17.03. Approximately 68,596 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 142,777 shares. The stock had previously closed at C$17.93.

Perpetua Resources Stock Performance

The stock has a market capitalization of C$1.01 billion, a P/E ratio of -43.88, a PEG ratio of -0.66 and a beta of 1.28. 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's fifty day simple moving average is C$18.95 and its two-hundred day simple moving average is C$16.98.

Insiders Place Their Bets

In other Perpetua Resources news, Director Michael Stephen Wright sold 6,500 shares of the 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. 0.43% of the stock is currently owned by corporate insiders.

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.