Premier Gold Mines (TSE:PG) Shares Pass Above Two Hundred Day Moving Average of $0.00

Premier Gold Mines Ltd. (TSE:PG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.36. Premier Gold Mines shares last traded at $2.29, with a volume of 300,026 shares traded.

A number of equities analysts have recently commented on the company. CIBC boosted their price objective on Premier Gold Mines from C$3.00 to C$3.25 in a research report on Monday, July 15th. Canaccord Genuity lowered their price objective on Premier Gold Mines from C$4.50 to C$4.25 in a research report on Tuesday, April 23rd.

The business’s fifty day moving average is C$2.21. The company has a debt-to-equity ratio of 6.68, a current ratio of 1.97 and a quick ratio of 1.42. The firm has a market capitalization of $483.99 million and a PE ratio of -22.18.

About Premier Gold Mines (TSE:PG)

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in the Southeast of Magdalena de Kino, in Sonora State, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Greenstone Gold property, which includes the Hardrock project located in Ontario; a 100% interest in the McCoy-Cove project situated in Nevada; a 44% interest in the Rahil Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga project situated in Red Lake Mining District, Ontario.

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