Perseus Mining (TSE:PRU) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Perseus Mining Limited (TSE:PRU)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.26 and traded as low as C$5.00. Perseus Mining shares last traded at C$5.04, with a volume of 33,070 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. ATB Cormark Capital Markets raised shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Finally, Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Perseus Mining Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 5.23 and a quick ratio of 2.66. The company has a fifty day moving average price of C$5.27 and a 200 day moving average price of C$5.26. The company has a market capitalization of C$6.79 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of -0.13 and a beta of 1.93.

Perseus Mining Company Profile

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.