Perpetua Resources (NASDAQ:PPTA) Issues Quarterly Earnings Results

Perpetua Resources (NASDAQ:PPTA) posted its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03, Zacks reports.

Perpetua Resources Stock Performance

Shares of PPTA stock traded up $0.50 on Thursday, hitting $11.65. The company’s stock had a trading volume of 242,454 shares, compared to its average volume of 487,257. The stock’s 50 day moving average is $10.59 and its 200-day moving average is $10.23. Perpetua Resources has a fifty-two week low of $3.88 and a fifty-two week high of $13.23. The company has a market capitalization of $819.54 million, a PE ratio of -52.80 and a beta of 0.27.

Insider Activity at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 10,400 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the transaction, the insider now owns 65,763 shares of the company’s stock, valued at approximately $607,650.12. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20. Following the completion of the transaction, the insider now directly owns 89,154 shares of the company’s stock, valued at $786,338.28. This trade represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 20,230 shares of company stock worth $166,582. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

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