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

Perseus Mining Limited (TSE:PRU) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.37 and traded as high as C$2.45. Perseus Mining shares last traded at C$2.44, with a volume of 25,384 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th.

Perseus Mining Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64. The company’s 50-day moving average price is C$2.37 and its 200-day moving average price is C$2.37. The firm has a market capitalization of C$3.39 billion, a PE ratio of 7.69, a PEG ratio of -0.13 and a beta of 0.99.

Perseus Mining Company Profile

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.