Perseus Mining (TSE:PRU) Share Price Passes Above 200-Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.97 and traded as high as C$5.18. Perseus Mining shares last traded at C$5.11, with a volume of 21,576 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRU. UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. ATB Cormark Capital Markets raised shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Perseus Mining has an average rating of “Strong Buy”.

Perseus Mining Price Performance

The stock has a market cap of C$6.90 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of -0.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The firm has a 50-day moving average price of C$5.33 and a 200-day moving average price of C$4.97.

About Perseus Mining

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.