Perpetua Resources (TSE:PPTA) Hits New 12-Month High – Should You Buy?

Shares of Perpetua Resources Corp. (TSE:PPTA) reached 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 trading hands. The stock had previously closed at C$16.40.

Perpetua Resources Stock Performance

The firm has a market capitalization of C$924.05 million, a PE ratio of -40.19, a P/E/G ratio of -0.66 and a beta of 1.28. The firm has a 50 day simple moving average of C$14.53 and a 200 day simple moving average of C$14.94. The company has a current ratio of 2.31, a quick ratio of 3.44 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In other news, Director Andrew Phillip Cole acquired 7,569 shares of Perpetua Resources stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of C$11.42 per share, for a total transaction of C$86,427.00. Also, Director Chris Dail sold 16,227 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of C$15.34, for a total value of C$248,958.04. In the last ninety days, insiders sold 31,559 shares of company stock worth $448,616. 0.43% of the stock is 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.