Perseus Mining (TSE:PRU) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Perseus Mining Limited (TSE:PRU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.24 and traded as low as C$4.56. Perseus Mining shares last traded at C$4.64, with a volume of 3,472 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, Perseus Mining currently has an average rating of “Strong Buy”.

Perseus Mining Stock Down 2.1%

The firm has a market capitalization of C$6.16 billion, a PE ratio of 17.86, a PEG ratio of -0.13 and a beta of 1.81. The business’s fifty day moving average price is C$5.05 and its 200 day moving average price is C$5.24. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19.

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.