Premier Gold Mines Ltd. (PG) Shares Up 3.5%

Premier Gold Mines Ltd. (TSE:PG) shot up 3.5% during mid-day trading on Friday . The stock traded as high as C$3.84 and last traded at C$3.81. 644,591 shares changed hands during trading, an increase of 6% from the average session volume of 610,830 shares. The stock had previously closed at C$3.68.

Separately, Scotiabank reiterated an “outperform” rating and set a C$5.00 price objective on shares of Premier Gold Mines in a research note on Thursday, August 31st.

The company has a 50-day moving average price of $3.77 and a 200-day moving average price of $3.21. The stock has a market cap of $770.16 million and a price-to-earnings ratio of 17.85.

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Premier Gold Mines Company Profile

Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America. The principal projects in which Premier holds an interest are the Trans-Canada Property, which includes the Hardrock project and the Brookbank project; McCoy-Cove Project, Lander County, Nevada, and South Arturo Mine, Elko County, Nevada.

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