Perseus Mining (TSE:PRU) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Perseus Mining Limited (TSE:PRU) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.26 and traded as low as C$4.75. Perseus Mining shares last traded at C$4.78, with a volume of 15,076 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PRU shares. Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. ATB Cormark Capital Markets raised Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Perseus Mining Trading Up 4.4%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The firm has a market capitalization of C$6.69 billion, a PE ratio of 19.21, a P/E/G ratio of -0.13 and a beta of 1.72. The stock’s 50-day simple moving average is C$5.15 and its 200-day simple moving average is C$5.26.

Perseus Mining Company Profile

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.