Perpetua Resources (NASDAQ:PPTA) Shares Up 4.4%

Perpetua Resources Corp. (NASDAQ:PPTA)’s stock price rose 4.4% during mid-day trading on Thursday . The stock traded as high as $8.97 and last traded at $8.92. Approximately 22,783 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 217,275 shares. The stock had previously closed at $8.54.

Wall Street Analysts Forecast Growth

PPTA has been the subject of several research analyst reports. National Bank Financial initiated coverage on Perpetua Resources in a research note on Friday, September 6th. They issued an “outperform” rating for the company. HC Wainwright restated a “buy” rating and issued a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd.

Perpetua Resources Stock Up 3.3 %

The firm has a 50-day moving average of $7.27 and a two-hundred day moving average of $6.03. The company has a market capitalization of $581.40 million, a PE ratio of -33.33 and a beta of 0.29.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Equities analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Institutional Trading of Perpetua Resources

Several institutional investors have recently bought and sold shares of PPTA. Herr Investment Group LLC acquired a new stake in Perpetua Resources in the first quarter valued at approximately $5,701,000. M&G Plc acquired a new stake in shares of Perpetua Resources in the first quarter worth approximately $805,000. Nokomis Capital L.L.C. acquired a new stake in shares of Perpetua Resources in the first quarter worth approximately $406,000. Krilogy Financial LLC boosted its stake in shares of Perpetua Resources by 3.6% in the first quarter. Krilogy Financial LLC now owns 1,727,840 shares of the company’s stock worth $7,188,000 after acquiring an additional 60,500 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Perpetua Resources in the fourth quarter worth approximately $148,000. 70.07% of the stock is owned by institutional investors and hedge funds.

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.