Perseus Mining (TSE:PRU) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Perseus Mining Limited (TSE:PRU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.50 and traded as high as C$5.69. Perseus Mining shares last traded at C$5.68, with a volume of 42,111 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of Perseus Mining from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Perseus Mining has an average rating of “Hold”.

Perseus Mining Stock Performance

The company has a market cap of C$7.67 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of -0.13 and a beta of 1.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.64 and a quick ratio of 2.66. The firm has a fifty day simple moving average of C$5.31 and a 200 day simple moving average of C$4.50.

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.