Perseus Mining (TSE:PRU) Stock Passes Below 200 Day Moving Average – Time to Sell?

Perseus Mining Limited (TSE:PRU)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.26 and traded as low as C$5.26. Perseus Mining shares last traded at C$5.38, with a volume of 9,461 shares.

Wall Street Analysts Forecast Growth

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

Perseus Mining Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The firm has a market capitalization of C$7.24 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of -0.13 and a beta of 1.72. The company has a 50-day moving average price of C$5.25 and a 200-day moving average price of C$5.26.

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.