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

Perseus Mining Limited (TSE:PRU) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.35 and traded as low as C$2.31. Perseus Mining shares last traded at C$2.37, with a volume of 21,380 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cormark boosted their price target on shares of Perseus Mining from C$2.60 to C$2.70 and gave the company a “moderate buy” rating in a research report on Thursday, August 29th. UBS Group upgraded Perseus Mining to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a research report on Thursday, October 10th.

Perseus Mining Trading Up 0.9 %

The business’s 50-day moving average price is C$2.46 and its 200-day moving average price is C$2.35. The firm has a market capitalization of C$3.27 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66.

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.