Alan Douglas Haslam Sells 10,400 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the transaction, the insider now directly owns 65,763 shares in the company, valued at $607,650.12. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Perpetua Resources Trading Down 9.5 %

NASDAQ PPTA opened at $8.35 on Monday. The firm has a market capitalization of $587.34 million, a price-to-earnings ratio of -37.95 and a beta of 0.20. The firm’s 50 day simple moving average is $11.48 and its 200 day simple moving average is $10.10. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $13.23.

Institutional Trading of Perpetua Resources

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Perpetua Resources in the third quarter valued at approximately $125,000. Fourth Sail Capital LP acquired a new stake in Perpetua Resources in the third quarter valued at approximately $10,405,000. Intech Investment Management LLC acquired a new stake in Perpetua Resources in the third quarter valued at approximately $98,000. Quantbot Technologies LP acquired a new stake in Perpetua Resources in the third quarter valued at approximately $123,000. Finally, PEAK6 Investments LLC acquired a new stake in Perpetua Resources in the third quarter valued at approximately $243,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PPTA. Roth Mkm increased their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. HC Wainwright increased their price target on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.