Perpetua Resources (NASDAQ:PPTA) Sees Strong Trading Volume

Perpetua Resources Corp. (NASDAQ:PPTA) saw an uptick in trading volume on Friday . 350,806 shares were traded during trading, an increase of 59% from the previous session’s volume of 220,168 shares.The stock last traded at $8.98 and had previously closed at $8.71.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PPTA. National Bank Financial began coverage on shares of Perpetua Resources in a research note on Friday, September 6th. They set an “outperform” rating on the stock. HC Wainwright restated a “buy” rating and set a $13.25 price target on shares of Perpetua Resources in a research note on Thursday, August 22nd.

Perpetua Resources Stock Up 3.3 %

The company’s 50 day simple moving average is $7.20 and its 200-day simple moving average is $5.98.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. As a group, equities analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Perpetua Resources

Several institutional investors and hedge funds have recently bought and sold shares of PPTA. M&G Plc bought a new position in shares of Perpetua Resources in the 1st quarter worth $805,000. National Bank of Canada FI bought a new position in shares of Perpetua Resources in the 4th quarter worth $148,000. Price T Rowe Associates Inc. MD bought a new position in shares of Perpetua Resources in the 1st quarter worth $51,000. Russell Investments Group Ltd. increased its holdings in shares of Perpetua Resources by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after buying an additional 8,985 shares during the last quarter. Finally, B. Riley Financial Inc. increased its holdings in shares of Perpetua Resources by 1.6% in the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock worth $4,723,000 after buying an additional 24,152 shares during the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

About Perpetua Resources

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.