Insider Selling: Perpetua Resources Corp. (NASDAQ:PPTA) Insider Sells $96,096.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Alan Douglas Haslam sold 10,400 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the sale, the insider now directly owns 65,763 shares in the company, valued at approximately $607,650.12. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Perpetua Resources Stock Down 9.5 %

Perpetua Resources stock opened at $8.35 on Monday. The stock has a market cap of $587.34 million, a P/E ratio of -37.95 and a beta of 0.20. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.23. The company’s 50-day moving average price is $11.48 and its two-hundred day moving average price is $10.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ancora Advisors LLC bought a new position in Perpetua Resources in the 4th quarter valued at about $37,000. Continuum Advisory LLC raised its holdings in Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Financial Markets bought a new position in Perpetua Resources in the 4th quarter valued at about $55,000. Intech Investment Management LLC bought a new position in Perpetua Resources in the 3rd quarter valued at about $98,000. Finally, ProShare Advisors LLC bought a new position in Perpetua Resources in the 4th quarter valued at about $116,000. 70.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PPTA has been the topic of a number of research analyst reports. HC Wainwright upped their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

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.