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

Perseus Mining Limited (TSE:PRU)’s stock price passed 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.

Wall Street Analyst Weigh In

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

Perseus Mining Trading Down 0.8 %

The business’s 50-day moving average price is C$2.37 and its two-hundred day moving average price is C$2.37. The firm has a market cap of C$3.39 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.64 and a quick ratio of 2.66.

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.