Perseus Mining (TSE:PRU) Shares Cross Above 200 Day Moving Average – Time to Sell?

Perseus Mining Limited (TSE:PRU) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.60 and traded as high as C$5.45. Perseus Mining shares last traded at C$5.45, with a volume of 9,000 shares changing hands.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Perseus Mining from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Perseus Mining has an average rating of “Hold”.

Perseus Mining Price Performance

The stock has a market cap of C$7.36 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of -0.13 and a beta of 1.62. The stock’s 50 day moving average price is C$5.37 and its two-hundred day moving average price is C$4.60. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.09.

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.