Alan Douglas Haslam Sells 40,000 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total value of $402,800.00. Following the transaction, the insider now owns 65,571 shares in the company, valued at $660,299.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA opened at $10.16 on Thursday. The firm has a market capitalization of $655.77 million, a price-to-earnings ratio of -37.59 and a beta of 0.29. The business’s 50 day simple moving average is $8.97 and its 200-day simple moving average is $7.08. Perpetua Resources Corp. has a 12 month low of $2.69 and a 12 month high of $10.72.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. On average, equities analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Roth Mkm upped their price objective on Perpetua Resources from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday. National Bank Financial initiated coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They set an “outperform” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $13.25 price target on shares of Perpetua Resources in a report on Thursday, August 22nd.

Institutional Investors Weigh In On Perpetua Resources

Several institutional investors and hedge funds have recently made changes to their positions in PPTA. Herr Investment Group LLC acquired a new position in Perpetua Resources during the first quarter worth about $5,701,000. M&G Plc purchased a new position in shares of Perpetua Resources during the 1st quarter worth approximately $805,000. Nokomis Capital L.L.C. purchased a new position in shares of Perpetua Resources during the 1st quarter worth approximately $406,000. Marshall Wace LLP acquired a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $197,000. Finally, U S Global Investors Inc. purchased a new stake in Perpetua Resources in the 3rd quarter valued at approximately $234,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

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.