Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,030,000 shares, a decline of 13.4% from the August 31st total of 1,190,000 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 324,700 shares, the short-interest ratio is presently 3.2 days.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. National Bank Financial initiated coverage on Perpetua Resources in a report on Friday, September 6th. They set an “outperform” rating for the company. HC Wainwright restated a “buy” rating and set a $13.25 price objective on shares of Perpetua Resources in a research report on Thursday, August 22nd.
Check Out Our Latest Analysis on PPTA
Institutional Trading of Perpetua Resources
Perpetua Resources Trading Down 6.0 %
Shares of PPTA stock opened at $9.53 on Friday. The stock has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $6.43. The company has a market cap of $615.92 million, a price-to-earnings ratio of -35.29 and a beta of 0.29. Perpetua Resources has a 12-month low of $2.69 and a 12-month high of $10.19.
Perpetua Resources (NASDAQ:PPTA – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. On average, equities analysts forecast that Perpetua Resources will post -0.21 earnings per share for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Perpetua Resources
- Canada Bond Market Holiday: How to Invest and Trade
- CarMax’s Impressive Rally: What Investors Should Watch Next
- What is the NASDAQ Stock Exchange?
- MarketBeat Week in Review – 9/23 – 9/27
- Stock Sentiment Analysis: How it Works
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Perpetua Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetua Resources and related companies with MarketBeat.com's FREE daily email newsletter.