Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock Buys 5,780 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock bought 5,780 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $8.56 per share, for a total transaction of $49,476.80. Following the transaction, the director now owns 5,780 shares of the company’s stock, valued at approximately $49,476.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Perpetua Resources Price Performance

PPTA opened at $8.26 on Friday. Perpetua Resources Corp. has a one year low of $2.69 and a one year high of $13.23. The firm has a market capitalization of $581.02 million, a P/E ratio of -37.55 and a beta of 0.20. The company has a fifty day moving average price of $11.17 and a 200-day moving average price of $10.11.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors have recently added to or reduced their stakes in PPTA. Fourth Sail Capital LP purchased a new position in shares of Perpetua Resources during the third quarter worth about $10,405,000. Amundi bought a new stake in Perpetua Resources during the fourth quarter valued at approximately $7,788,000. Millennium Management LLC grew its stake in Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock worth $3,954,000 after buying an additional 257,130 shares in the last quarter. Cohen & Steers Inc. bought a new position in shares of Perpetua Resources in the 4th quarter worth $2,729,000. Finally, Yaupon Capital Management LP purchased a new stake in shares of Perpetua Resources during the 4th quarter valued at $2,668,000. 70.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PPTA has been the topic of a number of recent research reports. HC Wainwright increased their price objective on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped their price target on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th.

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.