Perpetua Resources Corp. (NASDAQ:PPTA) Insider L Michael Bogert Sells 21,500 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) insider L Michael Bogert sold 21,500 shares of Perpetua Resources stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $6.22, for a total transaction of $133,730.00. Following the completion of the sale, the insider now owns 25,479 shares of the company’s stock, valued at approximately $158,479.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

L Michael Bogert also recently made the following trade(s):

• On Thursday, March 28th, L Michael Bogert sold 8,270 shares of Perpetua Resources stock. The shares were sold at an average price of $4.15, for a total transaction of $34,320.50.

Perpetua Resources Trading Up 3.9 %

Perpetua Resources stock opened at $6.15 on Tuesday. Perpetua Resources Corp. has a twelve month low of $2.63 and a twelve month high of $6.91. The stock’s fifty day simple moving average is $3.89 and its 200-day simple moving average is $3.50. The firm has a market capitalization of $394.34 million, a P/E ratio of -21.21 and a beta of 0.39.

Institutional Trading of Perpetua Resources

A number of large investors have recently modified their holdings of PPTA. The Manufacturers Life Insurance Company acquired a new position in shares of Perpetua Resources during the second quarter worth $38,000. Cubist Systematic Strategies LLC acquired a new position in Perpetua Resources in the first quarter valued at $49,000. California State Teachers Retirement System acquired a new position in Perpetua Resources in the second quarter valued at $46,000. Balyasny Asset Management L.P. acquired a new position in Perpetua Resources in the first quarter valued at $58,000. Finally, Wells Fargo & Company MN acquired a new position in Perpetua Resources in the second quarter valued at $57,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. HC Wainwright lifted their target price on shares of Perpetua Resources from $10.00 to $10.50 and gave the company a “buy” rating in a report on Thursday, March 28th. Roth Mkm upped their price objective on Perpetua Resources from $7.25 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th.

About Perpetua Resources

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.