Perseus Mining (TSE:PRU) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Perseus Mining Limited (TSE:PRU) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.12 and traded as high as C$5.36. Perseus Mining shares last traded at C$5.28, with a volume of 13,678 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Finally, ATB Cormark Capital Markets upgraded Perseus Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Perseus Mining Trading Down 1.3%

The firm has a market capitalization of C$7.12 billion, a P/E ratio of 20.32, a PEG ratio of -0.13 and a beta of 1.82. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of C$5.27 and a 200-day moving average price of C$5.12.

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.