Perpetua Resources Target of Unusually Large Options Trading (NASDAQ:PPTA)

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) saw some unusual options trading activity on Thursday. Stock investors purchased 4,077 call options on the stock. This is an increase of approximately 221% compared to the typical volume of 1,270 call options.

Insider Buying and Selling at Perpetua Resources

In other news, insider Mckinsey Margaret Lyon sold 20,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $11.00, for a total transaction of $220,000.00. Following the completion of the transaction, the insider now directly owns 89,154 shares in the company, valued at approximately $980,694. This represents a 18.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Stephen Wright sold 6,500 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total value of $90,025.00. Following the transaction, the insider now owns 14,195 shares in the company, valued at $196,600.75. This trade represents a 31.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Perpetua Resources

A number of institutional investors have recently bought and sold shares of the business. Lane & Associates LLC lifted its holdings in shares of Perpetua Resources by 24.0% during the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock valued at $189,000 after buying an additional 3,095 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Perpetua Resources during the 4th quarter valued at about $214,000. Sprott Inc. lifted its holdings in shares of Perpetua Resources by 5.3% during the 4th quarter. Sprott Inc. now owns 2,938,871 shares of the company's stock valued at $31,358,000 after buying an additional 148,273 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of Perpetua Resources by 20.0% during the 4th quarter. U S Global Investors Inc. now owns 30,000 shares of the company's stock valued at $320,000 after buying an additional 5,000 shares during the last quarter. Finally, Flaharty Asset Management LLC lifted its holdings in shares of Perpetua Resources by 50.0% during the 4th quarter. Flaharty Asset Management LLC now owns 21,000 shares of the company's stock valued at $224,000 after buying an additional 7,000 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Trading Down 20.4%

NASDAQ:PPTA traded down $3.37 during mid-day trading on Thursday, reaching $13.12. 11,311,481 shares of the stock were exchanged, compared to its average volume of 773,231. The business has a fifty day moving average price of $13.80 and a 200 day moving average price of $11.87. The firm has a market capitalization of $938.64 million, a PE ratio of -59.64 and a beta of 0.02. Perpetua Resources has a 1-year low of $5.01 and a 1-year high of $17.96.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). On average, sell-side analysts forecast that Perpetua Resources will post -0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. Finally, HC Wainwright reduced their price objective on Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.