Perpetua Resources (TSE:PPTA) Stock Price Down 2.6% – What’s Next?

Shares of Perpetua Resources Corp. (TSE:PPTA) fell 2.6% during trading on Thursday . The company traded as low as C$29.25 and last traded at C$29.43. 268,131 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 234,410 shares. The stock had previously closed at C$30.23.

Perpetua Resources Stock Up 6.2%

The stock’s fifty day moving average price is C$30.02 and its 200 day moving average price is C$23.90. The company has a current ratio of 2.31, a quick ratio of 3.44 and a debt-to-equity ratio of 0.06. The stock has a market cap of C$3.81 billion, a P/E ratio of -100.84, a price-to-earnings-growth ratio of -0.66 and a beta of -0.51.

Insider Transactions at Perpetua Resources

In other news, Director Jonathan Cherry sold 14,911 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of C$32.81, for a total value of C$489,229.91. Following the completion of the transaction, the director directly owned 36,249 shares in the company, valued at approximately C$1,189,329.69. This represents a 29.15% decrease in their position. 0.43% of the stock is currently owned by company insiders.

About Perpetua Resources

Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.