Fourth Sail Capital LP Sells 290,488 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Fourth Sail Capital LP reduced its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 822,295 shares of the company’s stock after selling 290,488 shares during the quarter. Perpetua Resources comprises about 2.6% of Fourth Sail Capital LP’s holdings, making the stock its 16th biggest holding. Fourth Sail Capital LP owned 1.17% of Perpetua Resources worth $8,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PPTA. Continuum Advisory LLC grew its position in shares of Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after purchasing an additional 4,000 shares in the last quarter. Intech Investment Management LLC bought a new stake in Perpetua Resources during the third quarter valued at $98,000. Quantbot Technologies LP purchased a new position in Perpetua Resources during the third quarter worth about $123,000. Lane & Associates LLC increased its stake in Perpetua Resources by 24.0% in the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after acquiring an additional 3,095 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Perpetua Resources by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 19,870 shares of the company’s stock valued at $212,000 after acquiring an additional 6,454 shares in the last quarter. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 3.9 %

Shares of PPTA stock opened at $8.58 on Monday. The firm has a market cap of $603.53 million, a P/E ratio of -39.00 and a beta of 0.20. The business has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.17. Perpetua Resources Corp. has a 12-month low of $2.87 and a 12-month high of $13.23.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the transaction, the insider now directly owns 65,763 shares of the company’s stock, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richie Darrin Haddock acquired 5,780 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $8.56 per share, for a total transaction of $49,476.80. Following the acquisition, the director now owns 5,780 shares of the company’s stock, valued at approximately $49,476.80. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 20,230 shares of company stock worth $166,582 in the last quarter. 1.90% of the stock is owned by insiders.

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.