Mckinsey Margaret Lyon Sells 22,710 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 22,710 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $8.82, for a total value of $200,302.20. Following the sale, the insider now directly owns 89,154 shares of the company’s stock, valued at approximately $786,338.28. This represents a 20.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perpetua Resources Stock Performance

Shares of PPTA opened at $8.86 on Monday. The business has a 50-day moving average of $10.85 and a 200 day moving average of $10.18. Perpetua Resources Corp. has a fifty-two week low of $3.72 and a fifty-two week high of $13.23. The firm has a market cap of $623.22 million, a P/E ratio of -40.27 and a beta of 0.27.

Institutional Investors Weigh In On Perpetua Resources

Several large investors have recently added to or reduced their stakes in PPTA. Ancora Advisors LLC purchased a new stake in Perpetua Resources in the 4th quarter worth about $37,000. Continuum Advisory LLC boosted its stake in Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Financial Markets bought a new position in Perpetua Resources in the 4th quarter worth about $55,000. Intech Investment Management LLC bought a new position in Perpetua Resources in the 3rd quarter worth about $98,000. Finally, ProShare Advisors LLC bought a new position in Perpetua Resources in the 4th quarter worth about $116,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

PPTA has been the subject of several research analyst reports. HC Wainwright raised their target price on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm lifted their price objective on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

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.