Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) insider Mckinsey Margaret Lyon sold 8,699 shares of Perpetua Resources stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total transaction of $256,881.47. Following the sale, the insider owned 142,329 shares in the company, valued at $4,202,975.37. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mckinsey Margaret Lyon also recently made the following trade(s):
- On Thursday, February 12th, Mckinsey Margaret Lyon sold 43,722 shares of Perpetua Resources stock. The shares were sold at an average price of $27.57, for a total transaction of $1,205,415.54.
- On Monday, January 5th, Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock. The shares were sold at an average price of $26.61, for a total transaction of $864,558.90.
Perpetua Resources Stock Performance
Shares of NASDAQ:PPTA traded down $0.09 during midday trading on Thursday, reaching $29.43. 1,657,426 shares of the company’s stock were exchanged, compared to its average volume of 1,719,536. The company’s 50 day simple moving average is $30.15 and its two-hundred day simple moving average is $26.66. Perpetua Resources Corp. has a 12 month low of $8.84 and a 12 month high of $37.37. The firm has a market capitalization of $3.67 billion, a PE ratio of -28.03 and a beta of 0.15.
Institutional Investors Weigh In On Perpetua Resources
Large investors have recently bought and sold shares of the business. Paulson & CO. Inc. raised its position in Perpetua Resources by 30.6% in the 2nd quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after purchasing an additional 7,575,757 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Perpetua Resources by 40.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock valued at $92,678,000 after buying an additional 1,318,008 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Perpetua Resources by 145.0% in the second quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after buying an additional 2,135,478 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Perpetua Resources by 65.1% in the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock valued at $76,447,000 after buying an additional 1,245,630 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Perpetua Resources by 3.0% during the 4th quarter. Van ECK Associates Corp now owns 2,925,672 shares of the company’s stock worth $70,831,000 after buying an additional 85,126 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. HC Wainwright boosted their price target on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, B. Riley Financial upped their price target on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.00.
About Perpetua Resources
Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.
In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.
Further Reading
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