Perpetua Resources (NASDAQ:PPTA) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Perpetua Resources (NASDAQ:PPTA) posted its quarterly earnings data on Wednesday. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03, Zacks reports.

Perpetua Resources Stock Up 3.5 %

Perpetua Resources stock traded up $0.38 during trading hours on Wednesday, hitting $11.15. The stock had a trading volume of 814,297 shares, compared to its average volume of 486,791. The stock has a market capitalization of $784.30 million, a P/E ratio of -50.68 and a beta of 0.27. Perpetua Resources has a 12-month low of $3.85 and a 12-month high of $13.23. The stock’s 50-day moving average price is $10.61 and its 200-day moving average price is $10.22.

Insiders Place Their Bets

In other news, insider Alan Douglas Haslam sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the transaction, the insider now directly owns 65,763 shares of the company’s stock, valued at $607,650.12. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Phillip Cole acquired 9,450 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $7.99 per share, with a total value of $75,505.50. Following the completion of the acquisition, the director now directly owns 9,450 shares of the company’s stock, valued at $75,505.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 20,230 shares of company stock valued at $166,582. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PPTA. Roth Mkm boosted their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright lifted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report 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.