Perseus Mining (TSE:PRU) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.35 and traded as low as C$2.31. Perseus Mining shares last traded at C$2.37, with a volume of 21,380 shares changing hands.

Analyst Ratings Changes

PRU has been the subject of several research analyst reports. UBS Group raised shares of Perseus Mining to a “strong-buy” rating in a research note on Monday, September 16th. Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Cormark upped their price target on Perseus Mining from C$2.60 to C$2.70 and gave the stock a “moderate buy” rating in a research note on Thursday, August 29th.

Perseus Mining Price Performance

The company’s 50-day moving average price is C$2.46 and its 200-day moving average price is C$2.35. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18. The firm has a market cap of C$3.27 billion, a price-to-earnings ratio of 7.41, 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.