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

Perseus Mining Limited (TSE:PRUGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.21 and traded as low as C$5.13. Perseus Mining shares last traded at C$5.15, with a volume of 26,998 shares changing hands.

Analyst Upgrades and Downgrades

PRU has been the topic of a number of research analyst reports. Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. UBS Group raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets raised 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 assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on Perseus Mining

Perseus Mining Stock Down 3.2%

The firm has a 50-day simple moving average of C$5.21 and a 200 day simple moving average of C$5.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.23 and a quick ratio of 2.66. The company has a market capitalization of C$6.93 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of -0.13 and a beta of 1.93.

About Perseus Mining

(Get Free Report)

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.

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