Perpetua Resources (TSE:PPTA) Hits New 1-Year High – Time to Buy?

Shares of Perpetua Resources Corp. (TSE:PPTA) reached a new 52-week high during trading on Monday . The stock traded as high as C$18.65 and last traded at C$17.48, with a volume of 130149 shares. The stock had previously closed at C$17.34.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$19.00 price target on Perpetua Resources and gave the stock an “outperform” rating in a research note on Friday, September 6th.

Perpetua Resources Stock Up 4.7 %

The stock has a market capitalization of C$1.17 billion, a P/E ratio of -59.59, a price-to-earnings-growth ratio of -0.66 and a beta of 1.28. The firm has a 50 day moving average of C$13.65 and a 200-day moving average of C$11.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 3.44.

About Perpetua Resources

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.