Perpetua Resources (NASDAQ:PPTA) Sees Strong Trading Volume

Perpetua Resources Corp. (NASDAQ:PPTA) saw an uptick in trading volume on Thursday . 685,435 shares traded hands during trading, an increase of 254% from the previous session’s volume of 193,666 shares.The stock last traded at $8.08 and had previously closed at $6.62.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their price objective on Perpetua Resources from $10.50 to $13.25 and gave the company a “buy” rating in a report on Tuesday, May 14th.

Perpetua Resources Trading Up 1.6 %

The firm has a market capitalization of $537.71 million, a price-to-earnings ratio of -30.83 and a beta of 0.25. The company has a fifty day moving average price of $6.23 and a two-hundred day moving average price of $5.22.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. As a group, equities research analysts expect that Perpetua Resources Corp. will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Krilogy Financial LLC grew its holdings in shares of Perpetua Resources by 3.6% during the 1st quarter. Krilogy Financial LLC now owns 1,727,840 shares of the company’s stock worth $7,188,000 after purchasing an additional 60,500 shares during the period. B. Riley Financial Inc. grew its stake in shares of Perpetua Resources by 1.6% in the fourth quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock worth $4,723,000 after acquiring an additional 24,152 shares in the last quarter. Herr Investment Group LLC increased its position in shares of Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock worth $7,543,000 after acquiring an additional 80,000 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Perpetua Resources by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock valued at $2,419,000 after acquiring an additional 8,985 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in Perpetua Resources in the fourth quarter valued at $999,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.