Andrew Phillip Cole Purchases 9,450 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole acquired 9,450 shares of the company’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $7.99 per share, with a total value of $75,505.50. Following the completion of the acquisition, the director now directly owns 9,450 shares in the company, valued at approximately $75,505.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $8.16 on Wednesday. The stock has a market cap of $573.98 million, a PE ratio of -37.09 and a beta of 0.20. The stock has a 50-day moving average of $11.30 and a 200-day moving average of $10.13. Perpetua Resources Corp. has a one year low of $2.69 and a one year high of $13.23.

Institutional Trading of Perpetua Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new stake in shares of Perpetua Resources in the 4th quarter valued at about $1,937,000. Squarepoint Ops LLC grew its position in shares of Perpetua Resources by 222.4% in the 4th quarter. Squarepoint Ops LLC now owns 246,029 shares of the company’s stock valued at $2,625,000 after purchasing an additional 169,713 shares during the period. Tidal Investments LLC acquired a new position in shares of Perpetua Resources in the 4th quarter valued at approximately $143,000. ProShare Advisors LLC acquired a new position in shares of Perpetua Resources in the 4th quarter valued at approximately $116,000. Finally, Millennium Management LLC grew its position in shares of Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after purchasing an additional 257,130 shares during the period. 70.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PPTA has been the subject of several recent research reports. HC Wainwright boosted their price objective on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped their price target on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th.

About Perpetua Resources

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.