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

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 10,400 shares of the stock in a transaction on 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 directly owns 65,763 shares in the company, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Perpetua Resources Trading Down 9.5 %

Shares of Perpetua Resources stock opened at $8.35 on Friday. The company has a market capitalization of $587.34 million, a PE ratio of -37.95 and a beta of 0.20. Perpetua Resources Corp. has a 12 month low of $2.69 and a 12 month high of $13.23. The stock’s fifty day simple moving average is $11.48 and its 200 day simple moving average is $10.07.

Analyst Upgrades and Downgrades

PPTA has been the topic of several research analyst reports. Roth Mkm raised their price objective on 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 raised their price objective on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

A number of large investors have recently added to or reduced their stakes in PPTA. Fourth Sail Capital LP bought a new position in Perpetua Resources during the 3rd quarter worth about $10,405,000. Amundi bought a new position in Perpetua Resources during the 4th quarter worth about $7,788,000. Millennium Management LLC increased its holdings in Perpetua Resources by 226.7% during the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock worth $3,954,000 after purchasing an additional 257,130 shares in the last quarter. Cohen & Steers Inc. bought a new position in Perpetua Resources during the 4th quarter worth about $2,729,000. Finally, Yaupon Capital Management LP bought a new position in Perpetua Resources during the 4th quarter worth about $2,668,000. 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.