Insider Buying: Perpetua Resources Corp. (NASDAQ:PPTA) Director Purchases 5,000 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean bought 5,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $83,200. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perpetua Resources Price Performance

Shares of PPTA opened at $8.16 on Wednesday. The stock’s 50-day moving average is $11.30 and its two-hundred day moving average is $10.13. The stock has a market cap of $573.98 million, a PE ratio of -37.09 and a beta of 0.20. Perpetua Resources Corp. has a 12 month low of $2.69 and a 12 month high of $13.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PPTA. Bank of Montreal Can lifted its stake in shares of Perpetua Resources by 1.6% in the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company’s stock worth $721,000 after acquiring an additional 1,054 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after acquiring an additional 2,252 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Perpetua Resources by 4.3% in the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock worth $597,000 after acquiring an additional 2,605 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Perpetua Resources by 24.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company’s stock worth $168,000 after acquiring an additional 3,067 shares in the last quarter. Finally, Lane & Associates LLC lifted its stake in shares of Perpetua Resources by 24.0% in the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after acquiring an additional 3,095 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PPTA shares. HC Wainwright lifted their target price on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm lifted their target price on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report 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.