Perpetua Resources Corp. (NASDAQ:PPTA) Insider Mckinsey Margaret Lyon Sells 22,710 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 22,710 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $8.82, for a total value of $200,302.20. Following the sale, the insider now directly owns 89,154 shares of the company’s stock, valued at $786,338.28. This represents a 20.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Perpetua Resources Trading Up 0.7 %

Shares of PPTA stock opened at $8.86 on Friday. The business’s 50-day moving average price is $10.85 and its 200-day moving average price is $10.16. Perpetua Resources Corp. has a 12 month low of $3.70 and a 12 month high of $13.23. The firm has a market capitalization of $623.22 million, a price-to-earnings ratio of -40.27 and a beta of 0.27.

Analyst Upgrades and Downgrades

PPTA has been the topic of a number of recent analyst reports. Roth Mkm raised their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. HC Wainwright raised their price target on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new position in shares of Perpetua Resources in the fourth quarter worth approximately $37,000. Continuum Advisory LLC lifted its stake in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Perpetua Resources in the fourth quarter worth approximately $55,000. Intech Investment Management LLC acquired a new position in shares of Perpetua Resources in the third quarter worth approximately $98,000. Finally, ProShare Advisors LLC acquired a new position in shares of Perpetua Resources in the fourth quarter worth approximately $116,000. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Company Profile

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.