Perseus Mining (TSE:PRU) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Perseus Mining Limited (TSE:PRU) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.38 and traded as high as C$2.50. Perseus Mining shares last traded at C$2.49, with a volume of 8,920 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded shares of Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th.

Perseus Mining Stock Up 1.2 %

The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of C$2.39 and a 200-day simple moving average of C$2.39. The firm has a market capitalization of C$3.48 billion, a PE ratio of 7.88, a P/E/G ratio of -0.13 and a beta of 0.99.

About Perseus Mining

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.