Perseus Mining (TSE:PRU) Stock Price Passes Above Two Hundred Day Moving Average of $2.08

Perseus Mining Limited (TSE:PRU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.08 and traded as high as C$2.25. Perseus Mining shares last traded at C$2.24, with a volume of 47,996 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Cormark increased their target price on Perseus Mining from C$2.60 to C$2.70 and gave the company a “moderate buy” rating in a report on Thursday, August 29th.

Perseus Mining Price Performance

The firm has a 50-day moving average of C$2.30 and a 200-day moving average of C$2.08. The stock has a market cap of C$2.99 billion, a PE ratio of 6.78, a PEG ratio of -0.13 and a beta of 0.96. 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 Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana; and the Sissingué and Yaouré gold mine projects located in Republic of Côte d'Ivoire.