Perseus Mining (TSE:PRU) Stock Passes Above 200-Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.37 and traded as high as C$2.45. Perseus Mining shares last traded at C$2.44, with a volume of 25,384 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th.

Perseus Mining Stock Performance

The company has a market capitalization of C$3.37 billion, a PE ratio of 7.63, a PEG ratio of -0.13 and a beta of 0.99. The company has a 50 day moving average of C$2.36 and a two-hundred day moving average of C$2.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66.

Perseus Mining Company Profile

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.