Perpetua Resources (TSE:PPTA) Trading 1% Higher - Still a Buy?

Key Points

• Perpetua Resources Corp. shares increased by 1% to C$38.61 during mid-day trading, with a significant rise in trading volume of 342% compared to the average session.
• The company's market capitalization is C$4.15 billion, with a low debt-to-equity ratio of 0.06 and a negative P/E ratio of -124.55.
• Perpetua Resources focuses on the redevelopment of gold-antimony-silver deposits in Idaho, aiming to restore an abandoned mining site while producing gold and the only mined source of antimony in the U.S.

Perpetua Resources Corp. (TSE:PPTA - )'s share price traded up 1% during trading on Wednesday . The company traded as high as C$44.42 and last traded at C$38.61. 956,713 shares were traded during mid-day trading, an increase of 342% from the average session volume of 216,554 shares. The stock had previously closed at C$38.22.

Perpetua Resources Price Performance

The company has a current ratio of 2.31, a quick ratio of 3.44 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of C$26.92 and a 200 day simple moving average of C$21.76. The stock has a market capitalization of C$4.15 billion, a P/E ratio of -124.55, a price-to-earnings-growth ratio of -0.66 and a beta of -0.41.

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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