Perseus Mining (TSE:PRU) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Perseus Mining Limited (TSE:PRU) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.26 and traded as low as C$4.57. Perseus Mining shares last traded at C$4.73, with a volume of 53,722 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. ATB Cormark Capital Markets upgraded Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Perseus Mining Price Performance

The company has a market capitalization of C$6.40 billion, a P/E ratio of 18.55, a P/E/G ratio of -0.13 and a beta of 1.81. The firm’s fifty day moving average is C$5.10 and its 200 day moving average is C$5.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23.

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.