Perseus Mining (TSE:PRU) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Perseus Mining Limited (TSE:PRU)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.26 and traded as low as C$5.26. Perseus Mining shares last traded at C$5.38, with a volume of 9,461 shares trading hands.

Wall Street Analysts Forecast Growth

PRU has been the subject of several research analyst reports. ATB Cormark Capital Markets upgraded Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Perseus Mining Price Performance

The company has a 50 day moving average price of C$5.22 and a 200 day moving average price of C$5.26. The firm has a market cap of C$6.65 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of -0.13 and a beta of 1.72. The company has a current ratio of 5.23, a quick ratio of 2.66 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.