Perseus Mining (OTCMKTS:PMNXF) Stock Falls 3.7% – Here’s Why

Perseus Mining Limited (OTCMKTS:PMNXF – Get Free Report)’s share price fell 3.7% during mid-day trading on Monday. The company traded as low as $4.26 and last traded at $4.26. Approximately 1,057 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 45,439 shares. The stock had previously closed at $4.4250.

Perseus Mining Stock Performance

The company has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $3.90.

About Perseus Mining

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Perseus Mining Limited is an Australian-based gold mining company focused on the exploration, development and operation of gold assets in West Africa. The company produces gold doré and related gold products for sale to international refiners and operates primarily in Ghana and Côte d’Ivoire.

Perseus operates the Edikan Gold Mine in Ghana and the Sissingué and Yaouré gold mines in Côte d’Ivoire. Its activities include mining, ore processing, exploration and resource development, with a focus on maintaining and expanding production from its West African portfolio.

Founded in 2004, Perseus produced its first gold at the Edikan mine in 2011 and has since expanded through acquisitions, mine development and exploration.

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