Perseus Mining (TSE:PRU) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU) shares 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 traded.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Perseus Mining from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Perseus Mining Stock Up 5.0%

The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is C$5.38 and its 200 day simple moving average is C$4.61. The firm has a market cap of C$7.73 billion, a P/E ratio of 21.31, a PEG ratio of -0.13 and a beta of 1.62.

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.