Perseus Mining (TSE:PRU) Stock Price Up 1.7% – Here’s What Happened

Perseus Mining Limited (TSE:PRU) shares shot up 1.7% during trading on Wednesday . The stock traded as high as C$2.41 and last traded at C$2.39. 8,354 shares were traded during mid-day trading, a decline of 83% from the average session volume of 50,383 shares. The stock had previously closed at C$2.35.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRU. Canaccord Genuity Group upgraded Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th. Cormark lifted their price target on Perseus Mining from C$2.60 to C$2.70 and gave the company a “moderate buy” rating in a research note on Thursday, August 29th. Finally, UBS Group upgraded Perseus Mining to a “strong-buy” rating in a research note on Monday, September 16th.

Perseus Mining Price Performance

The firm has a market cap of C$3.30 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of -0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64. The business has a 50 day simple moving average of C$2.45 and a 200-day simple moving average of C$2.32.

Perseus Mining Company Profile

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.