Perseus Mining (TSE:PRU) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Perseus Mining's stock (TSE:PRU) crossed above its **200-day moving average**, reaching a high of **C$3.97** before settling at **C$3.94** during trading.
• The company has a strong **financial position** with a low debt-to-equity ratio of **0.09**, a current ratio of **4.64**, and a market cap of **C$5.32 billion**.
• Perseus Mining operates multiple gold projects in **West Africa**, including the Sissingue Gold Mine and the Edikan Gold Mine in Ghana.

Perseus Mining Limited (TSE:PRU - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.14 and traded as high as C$3.97. Perseus Mining shares last traded at C$3.94, with a volume of 23,926 shares.

Perseus Mining Stock Performance

The stock has a market cap of C$5.40 billion, a PE ratio of 14.90, a P/E/G ratio of -0.13 and a beta of 1.52. The company has a fifty day moving average price of C$3.38 and a 200 day moving average price of C$3.17. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.09.

Perseus Mining Company Profile

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.