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

Perseus Mining Limited (TSE:PRU)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.37 and traded as high as C$2.45. Perseus Mining shares last traded at C$2.44, with a volume of 25,384 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded Perseus Mining to a “strong-buy” rating in a report on Thursday, October 10th.

Perseus Mining Price Performance

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 fifty day moving average price of C$2.36 and a two-hundred day moving average price of C$2.37. The stock has a market capitalization of C$3.37 billion, a P/E ratio of 7.63, a P/E/G ratio of -0.13 and a beta of 0.99.

About Perseus Mining

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.