Perseus Mining (TSE:PRU) Stock Crosses Above 200 Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.38 and traded as high as C$2.50. Perseus Mining shares last traded at C$2.49, with a volume of 8,920 shares.

Wall Street Analysts Forecast Growth

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

Perseus Mining Stock Up 1.2 %

The company’s 50 day simple moving average is C$2.39 and its 200-day simple moving average is C$2.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64. The firm has a market capitalization of C$3.48 billion, a PE ratio of 7.88, a PEG ratio of -0.13 and a beta of 0.99.

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.