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

Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock purchased 5,780 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $8.56 per share, with a total value of $49,476.80. Following the acquisition, the director now owns 5,780 shares in the company, valued at $49,476.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Perpetua Resources Price Performance

PPTA stock opened at $8.58 on Friday. Perpetua Resources Corp. has a 1 year low of $2.87 and a 1 year high of $13.23. The company has a 50 day simple moving average of $11.09 and a 200 day simple moving average of $10.12. The stock has a market cap of $603.53 million, a price-to-earnings ratio of -39.00 and a beta of 0.20.

Hedge Funds Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in Perpetua Resources in the 4th quarter valued at approximately $37,000. Continuum Advisory LLC increased its position in shares of Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after buying an additional 4,000 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Perpetua Resources during the fourth quarter worth $55,000. Intech Investment Management LLC acquired a new stake in shares of Perpetua Resources during the third quarter worth $98,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Perpetua Resources during the fourth quarter worth $116,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Mkm upped their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. HC Wainwright upped their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Perpetua Resources Company Profile

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.