Perseus Mining (TSE:PRU) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.25 and traded as high as C$5.27. Perseus Mining shares last traded at C$5.22, with a volume of 17,801 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on PRU shares. Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. ATB Cormark Capital Markets upgraded shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 17th. Finally, UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Perseus Mining has a consensus rating of “Strong Buy”.

Perseus Mining Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The stock has a market cap of C$7.03 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of -0.13 and a beta of 1.93. The firm’s 50 day moving average is C$5.22 and its 200 day moving average is C$5.25.

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.