Perpetua Resources Corp. (NASDAQ:PPTA) Short Interest Update

Perpetua Resources Corp. (NASDAQ:PPTA) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,290,000 shares, a growth of 29.4% from the November 30th total of 1,770,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 638,400 shares, the days-to-cover ratio is presently 3.6 days.

Wall Street Analysts Forecast Growth

PPTA has been the topic of a number of recent analyst reports. National Bank Financial initiated coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating on the stock. Roth Mkm reissued a “buy” rating and issued a $15.00 price objective on shares of Perpetua Resources in a research note on Thursday, December 12th. Finally, HC Wainwright boosted their target price on Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Insider Buying and Selling at Perpetua Resources

In related news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the transaction, the insider now owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Perpetua Resources

Hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC boosted its position in Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after purchasing an additional 4,000 shares during the last quarter. Intech Investment Management LLC bought a new position in Perpetua Resources in the 3rd quarter valued at about $98,000. Quantbot Technologies LP acquired a new position in shares of Perpetua Resources in the third quarter valued at approximately $123,000. Flaharty Asset Management LLC acquired a new stake in Perpetua Resources during the 2nd quarter worth approximately $70,000. Finally, SG Americas Securities LLC bought a new stake in shares of Perpetua Resources in the third quarter valued at about $125,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $10.58 on Tuesday. Perpetua Resources has a one year low of $2.69 and a one year high of $13.18. The firm has a market cap of $742.43 million, a price-to-earnings ratio of -48.09 and a beta of 0.22. The stock’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $8.59.

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.