Perpetua Resources Corp. (NASDAQ:PPTA) Insider Alan Douglas Haslam Sells 10,400 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the transaction, the insider now owns 65,763 shares of the company’s stock, valued at $607,650.12. The trade was a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Perpetua Resources Stock Performance

Perpetua Resources stock opened at $8.35 on Friday. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $13.23. The stock has a market capitalization of $587.34 million, a P/E ratio of -37.95 and a beta of 0.20. The stock has a 50-day simple moving average of $11.48 and a 200 day simple moving average of $10.07.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HC Wainwright raised their price objective on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm raised their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sprott Inc. grew its holdings in Perpetua Resources by 5.3% during the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock worth $31,358,000 after purchasing an additional 148,273 shares during the period. Fourth Sail Capital LP bought a new position in Perpetua Resources during the third quarter worth about $10,405,000. Condire Management LP grew its holdings in Perpetua Resources by 6.9% during the fourth quarter. Condire Management LP now owns 890,459 shares of the company’s stock worth $9,501,000 after purchasing an additional 57,399 shares during the period. Amundi bought a new position in Perpetua Resources during the fourth quarter worth about $7,788,000. Finally, State Street Corp lifted its position in Perpetua Resources by 8.8% during the third quarter. State Street Corp now owns 593,502 shares of the company’s stock worth $5,549,000 after acquiring an additional 48,220 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

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.