Perpetua Resources (TSE:PPTA) Shares Cross Below 50 Day Moving Average – Here’s Why

Perpetua Resources Corp. (TSE:PPTA – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$29.07 and traded as low as C$27.13. Perpetua Resources shares last traded at C$27.45, with a volume of 157,440 shares changing hands.

Perpetua Resources Stock Down 8.0%

The company has a fifty day simple moving average of C$29.07 and a 200-day simple moving average of C$34.73. The company has a quick ratio of 3.44, a current ratio of 12.30 and a debt-to-equity ratio of 0.51. The firm has a market cap of C$3.43 billion, a P/E ratio of -13.33, a price-to-earnings-growth ratio of -0.66 and a beta of 1.30.

About Perpetua Resources

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Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.

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