Perseus Mining (TSE:PRU) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Perseus Mining Limited (TSE:PRU)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.93 and traded as low as C$4.73. Perseus Mining shares last traded at C$4.77, with a volume of 25,432 shares trading hands.

Analyst Ratings Changes

PRU has been the subject of a number of research reports. UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. ATB Cormark Capital Markets upgraded shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Perseus Mining has an average rating of “Strong Buy”.

Perseus Mining Stock Performance

The company has a market capitalization of C$6.45 billion, a price-to-earnings ratio of 18.36, a PEG ratio of -0.13 and a beta of 1.65. The stock has a fifty day moving average price of C$5.41 and a two-hundred day moving average price of C$4.93. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19.

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.