Perseus Mining (TSE:PRU) Stock Passes Below 200-Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.93 and traded as low as C$4.73. Perseus Mining shares last traded at C$4.77, with a volume of 25,432 shares.

Analyst Upgrades and Downgrades

PRU has been the subject of a number of research analyst reports. 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 note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Perseus Mining Price Performance

The stock has a 50-day moving average of C$5.38 and a two-hundred day moving average of C$4.93. The firm has a market cap of C$6.38 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of -0.13 and a beta of 1.65. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19.

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.