Insider Buying: Perpetua Resources Corp. (NASDAQ:PPTA) Director Purchases 5,780 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock bought 5,780 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $8.56 per share, with a total value of $49,476.80. Following the transaction, the director now directly owns 5,780 shares in the company, valued at $49,476.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perpetua Resources Stock Down 3.2 %

Shares of PPTA opened at $8.26 on Friday. The firm has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $10.11. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.23. The stock has a market capitalization of $581.02 million, a P/E ratio of -37.55 and a beta of 0.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. HC Wainwright lifted their price target on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

Institutional Trading of Perpetua Resources

Several large investors have recently modified their holdings of PPTA. Sprott Inc. increased its stake in shares of Perpetua Resources by 5.3% during the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock valued at $31,358,000 after buying an additional 148,273 shares during the period. Fourth Sail Capital LP bought a new stake in Perpetua Resources in the third quarter valued at $10,405,000. Condire Management LP increased its position in Perpetua Resources by 6.9% during the 4th quarter. Condire Management LP now owns 890,459 shares of the company’s stock valued at $9,501,000 after purchasing an additional 57,399 shares during the period. Amundi bought a new position in Perpetua Resources in the 4th quarter worth $7,788,000. Finally, State Street Corp lifted its position in shares of Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock worth $5,549,000 after purchasing an additional 48,220 shares during the period. 70.07% of the stock is owned by institutional investors.

About Perpetua Resources

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.