Perseus Mining (TSE:PRU) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Perseus Mining Limited (TSE:PRU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.50 and traded as high as C$5.69. Perseus Mining shares last traded at C$5.68, with a volume of 42,111 shares.

Wall Street Analyst Weigh In

Separately, UBS Group cut Perseus Mining from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Perseus Mining Trading Up 5.0%

The company has a debt-to-equity ratio of 0.09, a current ratio of 4.64 and a quick ratio of 2.66. The company has a fifty day moving average of C$5.31 and a 200-day moving average of C$4.50. The firm has a market capitalization of C$7.67 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of -0.13 and a beta of 1.62.

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.