Perpetua Resources (TSE:PPTA) Hits New 1-Year High – Time to Buy?

Perpetua Resources Corp. (TSE:PPTA) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.07 and last traded at C$19.04, with a volume of 403331 shares changing hands. The stock had previously closed at C$16.40.

Perpetua Resources Trading Up 16.1 %

The firm has a fifty day moving average of C$14.48 and a 200-day moving average of C$14.87. The stock has a market capitalization of C$951.02 million, a price-to-earnings ratio of -41.36, a P/E/G ratio of -0.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.44 and a current ratio of 2.31.

Insider Activity

In other news, Director Chris Dail sold 16,227 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of C$15.34, for a total value of C$248,958.04. Also, Director Richie D. Haddock purchased 5,112 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of C$12.30 per share, with a total value of C$62,890.36. Over the last quarter, insiders sold 31,559 shares of company stock worth $448,616. 0.43% of the stock is currently owned by corporate insiders.

Perpetua Resources Company Profile

Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.