Perseus Mining (TSE:PRU) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Perseus Mining Limited (TSE:PRU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.60 and traded as high as C$5.45. Perseus Mining shares last traded at C$5.45, with a volume of 9,000 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Perseus Mining from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Perseus Mining Stock Performance

The firm has a market cap of C$7.36 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of -0.13 and a beta of 1.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.64 and a quick ratio of 2.66. The firm has a fifty day simple moving average of C$5.37 and a two-hundred day simple moving average of C$4.60.

About Perseus Mining

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.