Perpetua Resources (TSE:PPTA) Stock Price Down 21.5% - Here's What Happened

Perpetua Resources Corp. (TSE:PPTA - Get Free Report)'s share price was down 21.5% during mid-day trading on Thursday . The stock traded as low as C$17.41 and last traded at C$17.66. Approximately 128,317 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 124,482 shares. The stock had previously closed at C$22.51.

Perpetua Resources Stock Performance

The company has a fifty day moving average of C$19.07 and a 200 day moving average of C$16.75. 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 stock has a market cap of C$878.60 million, a P/E ratio of -38.21, a PEG ratio of -0.66 and a beta of 1.28.

Insider Activity at Perpetua Resources

In related news, Director Chris Dail sold 16,227 shares of Perpetua Resources stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of C$15.34, for a total value of C$248,958.04. Also, Director Michael Stephen Wright sold 6,500 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of C$19.25, for a total transaction of C$125,134.75. Company 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.