Perseus Mining (TSE:PRU) Shares Pass Above 200-Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.25 and traded as high as C$5.27. Perseus Mining shares last traded at C$5.22, with a volume of 17,801 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PRU shares. ATB Cormark Capital Markets raised Perseus Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 17th. UBS Group raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Citigroup raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Perseus Mining Stock Up 3.0%

The firm has a market capitalization of C$6.99 billion, a PE ratio of 19.98, a PEG ratio of -0.13 and a beta of 1.93. The company has a fifty day moving average price of C$5.22 and a 200-day moving average price of C$5.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23.

About Perseus Mining

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.