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

Perseus Mining Limited (TSE:PRU) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.71 and traded as high as C$5.95. Perseus Mining shares last traded at C$5.95, with a volume of 19,243 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group raised Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Perseus Mining currently has a consensus rating of “Strong Buy”.

Perseus Mining Stock Performance

The stock has a market capitalization of C$8.04 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of -0.13 and a beta of 1.62. The company has a current ratio of 4.64, a quick ratio of 2.66 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is C$5.47 and its two-hundred day moving average is C$4.71.

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.