Perseus Mining (TSE:PRU) Shares Cross Above 200 Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.71 and traded as high as C$5.95. Perseus Mining shares last traded at C$5.95, with a volume of 19,243 shares.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Perseus Mining Stock Performance

The stock has a market capitalization of C$8.04 billion, a P/E ratio of 22.90, a P/E/G ratio of -0.13 and a beta of 1.62. The stock has a 50 day simple moving average of C$5.47 and a two-hundred day simple moving average of C$4.71. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.09.

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.