Perseus Mining (TSE:PRU) Stock Price Passes Above 200-Day Moving Average of $2.16

Shares of Perseus Mining Limited (TSE:PRU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.16 and traded as high as C$2.48. Perseus Mining shares last traded at C$2.43, with a volume of 43,705 shares.

Analyst Ratings Changes

PRU has been the topic of several recent analyst reports. Cormark lifted their price objective 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 shares of Perseus Mining to a “strong-buy” rating in a report on Monday, September 16th.

Perseus Mining Stock Down 2.8 %

The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 7.59, a PEG ratio of -0.13 and a beta of 0.99. The company has a fifty day moving average price of C$2.31 and a 200-day moving average price of C$2.16.

About Perseus Mining

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana; and the Sissingué and Yaouré gold mine projects located in Republic of Côte d'Ivoire.