Perseus Mining (TSE:PRU) Stock Passes Above 200-Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.90 and traded as high as C$5.08. Perseus Mining shares last traded at C$4.99, with a volume of 49,523 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Perseus Mining Stock Performance

The stock has a market cap of C$6.74 billion, a price-to-earnings ratio of 19.21, a PEG ratio of -0.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.23 and a quick ratio of 2.66. The firm has a fifty day moving average of C$5.51 and a 200 day moving average of C$4.90.

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.