Perseus Mining (TSE:PRU) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.36 and traded as low as C$2.32. Perseus Mining shares last traded at C$2.32, with a volume of 12,114 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a report on Thursday, October 10th. UBS Group upgraded shares of Perseus Mining to a “strong-buy” rating in a research report on Monday, September 16th.

Perseus Mining Trading Up 1.7 %

The firm has a market capitalization of C$3.28 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The stock’s 50-day moving average price is C$2.38 and its 200 day moving average price is C$2.36. 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.