Perpetua Resources (TSE:PPTA) Shares Down 17.4% – Should You Sell?

Perpetua Resources Corp. (TSE:PPTAGet Free Report) was down 17.4% during trading on Friday . The company traded as low as C$13.91 and last traded at C$14.01. Approximately 144,153 shares changed hands during trading, an increase of 64% from the average daily volume of 87,713 shares. The stock had previously closed at C$16.97.

Perpetua Resources Price Performance

The company’s 50-day moving average is C$16.99 and its 200-day moving average is C$13.89. The firm has a market capitalization of C$657.32 million, a price-to-earnings ratio of -28.59, a PEG ratio of -0.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 3.44.

Perpetua Resources Company Profile

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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.

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