Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock Purchases 5,780 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock bought 5,780 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $8.56 per share, with a total value of $49,476.80. Following the completion of the purchase, the director now directly owns 5,780 shares in the company, valued at $49,476.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Perpetua Resources Trading Down 3.2 %

NASDAQ:PPTA traded down $0.27 during midday trading on Thursday, hitting $8.26. 506,554 shares of the company were exchanged, compared to its average volume of 909,150. Perpetua Resources Corp. has a fifty-two week low of $2.69 and a fifty-two week high of $13.23. The company has a market capitalization of $581.02 million, a PE ratio of -37.55 and a beta of 0.20. The company has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $10.12.

Institutional Trading of Perpetua Resources

Several institutional investors and hedge funds have recently made changes to their positions in PPTA. Fourth Sail Capital LP acquired a new stake in shares of Perpetua Resources during the third quarter worth about $10,405,000. Intech Investment Management LLC purchased a new stake in Perpetua Resources in the 3rd quarter valued at approximately $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the 3rd quarter worth approximately $123,000. PEAK6 Investments LLC purchased a new position in shares of Perpetua Resources during the 3rd quarter worth approximately $243,000. Finally, State Street Corp lifted its holdings in shares of Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after buying an additional 48,220 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. HC Wainwright increased their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm boosted their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

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.