Insider Buying: Perpetua Resources Corp. (NASDAQ:PPTA) Director Buys $75,505.50 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole bought 9,450 shares of Perpetua Resources stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $7.99 per share, with a total value of $75,505.50. Following the completion of the transaction, the director now owns 9,450 shares of the company’s stock, valued at $75,505.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Perpetua Resources Stock Performance

Shares of NASDAQ PPTA opened at $8.53 on Thursday. Perpetua Resources Corp. has a 52-week low of $2.69 and a 52-week high of $13.23. The business has a fifty day moving average of $11.24 and a two-hundred day moving average of $10.12. The stock has a market cap of $600.01 million, a PE ratio of -38.77 and a beta of 0.20.

Institutional Investors Weigh In On Perpetua Resources

A number of hedge funds have recently made changes to their positions in PPTA. Ancora Advisors LLC bought a new stake in Perpetua Resources during the fourth quarter worth about $37,000. Continuum Advisory LLC raised its stake in shares of Perpetua Resources by 500.0% in the third 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 during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Perpetua Resources in the 4th quarter worth approximately $55,000. Intech Investment Management LLC bought a new stake in Perpetua Resources during the 3rd quarter worth approximately $98,000. Finally, ProShare Advisors LLC acquired a new stake in Perpetua Resources during the 4th quarter valued at $116,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

PPTA has been the topic of several recent research reports. HC Wainwright lifted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm lifted their price objective on 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.