Perpetua Resources Corp. (NASDAQ:PPTA) Insider Mckinsey Margaret Lyon Sells 20,000 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $11.00, for a total transaction of $220,000.00. Following the transaction, the insider now owns 89,154 shares in the company, valued at $980,694. This represents a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Wednesday, March 5th, Mckinsey Margaret Lyon sold 22,710 shares of Perpetua Resources stock. The stock was sold at an average price of $8.82, for a total value of $200,302.20.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA traded up $0.07 on Tuesday, reaching $10.76. 686,416 shares of the company traded hands, compared to its average volume of 534,000. The stock has a market capitalization of $759.75 million, a PE ratio of -48.91 and a beta of 0.27. The company’s 50 day moving average is $10.45 and its 200-day moving average is $10.40. Perpetua Resources Corp. has a fifty-two week low of $4.13 and a fifty-two week high of $13.23.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. As a group, analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Institutional Trading of Perpetua Resources

A number of hedge funds have recently bought and sold shares of PPTA. Ancora Advisors LLC purchased a new position in shares of Perpetua Resources in the fourth quarter worth approximately $37,000. Continuum Advisory LLC grew its stake in Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Perpetua Resources during the fourth quarter worth approximately $55,000. Intech Investment Management LLC purchased a new position in Perpetua Resources during the third quarter valued at approximately $98,000. Finally, ProShare Advisors LLC acquired a new position in Perpetua Resources in the 4th quarter valued at approximately $116,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on PPTA. HC Wainwright boosted their price objective on Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. National Bank Financial upgraded shares of Perpetua Resources to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Roth Mkm upped their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

About Perpetua Resources

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.