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

Perseus Mining Limited (TSE:PRU)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.38 and traded as high as C$2.50. Perseus Mining shares last traded at C$2.49, with a volume of 8,920 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of Perseus Mining to a “strong-buy” rating in a report on Thursday, October 10th.

Perseus Mining Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66. The company has a market cap of C$3.44 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The stock has a 50-day moving average price of C$2.38 and a 200 day moving average price of C$2.38.

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.