Insider Selling: Perpetua Resources (NASDAQ:PPTA) Director Sells 5,000 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 5,000 shares of Perpetua Resources stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $26.31, for a total transaction of $131,550.00. Following the completion of the transaction, the director owned 18,510 shares of the company’s stock, valued at $486,998.10. This trade represents a 21.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Robert Alan Dean also recently made the following trade(s):

• On Tuesday, December 23rd, Robert Alan Dean sold 6,490 shares of Perpetua Resources stock. The stock was sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Stock Down 4.7%

PPTA stock traded down $1.23 during midday trading on Monday, reaching $24.70. 2,220,973 shares of the company’s stock traded hands, compared to its average volume of 2,189,914. The company has a 50-day simple moving average of $24.66 and a two-hundred day simple moving average of $19.95. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $31.65. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -49.40 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). Equities research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Institutional Trading of Perpetua Resources

A number of institutional investors have recently bought and sold shares of PPTA. Lowe Wealth Advisors LLC bought a new stake in shares of Perpetua Resources in the second quarter worth about $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at approximately $31,000. Private Trust Co. NA acquired a new position in shares of Perpetua Resources in the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Perpetua Resources during the 2nd quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC acquired a new stake in Perpetua Resources during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PPTA shares. Roth Capital set a $32.00 target price on shares of Perpetua Resources and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a research report on Tuesday, September 23rd. UBS Group set a $30.00 target price on Perpetua Resources in a research note on Thursday, October 9th. Finally, B. Riley restated a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $29.00.

About Perpetua Resources

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.