Perseus Mining (TSE:PRU) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.36 and traded as low as C$2.32. Perseus Mining shares last traded at C$2.32, with a volume of 12,114 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PRU shares. Canaccord Genuity Group raised Perseus Mining to a “strong-buy” rating in a research report on Thursday, October 10th. UBS Group raised Perseus Mining to a “strong-buy” rating in a report on Monday, September 16th.

Perseus Mining Stock Performance

The firm’s 50 day moving average is C$2.38 and its 200-day moving average is C$2.36. The stock has a market capitalization of C$3.28 billion, a price-to-earnings ratio of 7.44, a PEG ratio of -0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64.

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.