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

Perseus Mining Limited (TSE:PRU)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.26 and traded as low as C$5.00. Perseus Mining shares last traded at C$5.04, with a volume of 33,070 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. UBS Group upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, ATB Cormark Capital Markets upgraded shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Perseus Mining Stock Down 7.3%

The stock has a market capitalization of C$6.29 billion, a P/E ratio of 17.98, a PEG ratio of -0.13 and a beta of 1.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.23 and a quick ratio of 2.66. The stock’s fifty day moving average is C$5.27 and its two-hundred day moving average is C$5.26.

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.