Perseus Mining (TSE:PRU) Shares Pass Below 200 Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.36 and traded as low as C$2.32. Perseus Mining shares last traded at C$2.32, with a volume of 12,114 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PRU shares. Canaccord Genuity Group upgraded Perseus Mining to a “strong-buy” rating in a research report on Thursday, October 10th. UBS Group raised shares of Perseus Mining to a “strong-buy” rating in a report on Monday, September 16th.

Perseus Mining Stock Down 0.9 %

The firm has a 50 day simple moving average of C$2.39 and a two-hundred day simple moving average of C$2.36. The stock has a market capitalization of C$3.20 billion, a P/E ratio of 7.25, a PEG ratio of -0.13 and a beta of 0.99. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18.

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.