Perseus Mining (TSE:PRU) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Perseus Mining Limited (TSE:PRUGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.26 and traded as low as C$4.57. Perseus Mining shares last traded at C$4.73, with a volume of 53,722 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRU. ATB Cormark Capital Markets upgraded Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

View Our Latest Stock Analysis on Perseus Mining

Perseus Mining Price Performance

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 firm’s 50 day moving average is C$5.12 and its 200 day moving average is C$5.26. The firm has a market cap of C$6.28 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of -0.13 and a beta of 1.81.

Perseus Mining Company Profile

(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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