Perpetua Resources Corp. (NASDAQ:PPTA) Insider L Michael Bogert Sells 21,500 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) insider L Michael Bogert sold 21,500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $6.22, for a total transaction of $133,730.00. Following the sale, the insider now owns 25,479 shares of the company’s stock, valued at $158,479.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

L Michael Bogert also recently made the following trade(s):

• On Thursday, March 28th, L Michael Bogert sold 8,270 shares of Perpetua Resources stock. The stock was sold at an average price of $4.15, for a total transaction of $34,320.50.

Perpetua Resources Stock Up 3.9 %

PPTA stock traded up $0.23 during mid-day trading on Monday, hitting $6.15. 343,133 shares of the company were exchanged, compared to its average volume of 184,854. The firm has a market capitalization of $394.34 million, a P/E ratio of -21.14 and a beta of 0.39. The business has a fifty day simple moving average of $3.83 and a 200-day simple moving average of $3.48. Perpetua Resources Corp. has a 12-month low of $2.63 and a 12-month high of $6.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in shares of Perpetua Resources in the second quarter valued at approximately $38,000. Cubist Systematic Strategies LLC purchased a new position in shares of Perpetua Resources in the first quarter valued at approximately $49,000. California State Teachers Retirement System purchased a new position in shares of Perpetua Resources in the second quarter valued at approximately $46,000. Balyasny Asset Management L.P. purchased a new position in shares of Perpetua Resources in the first quarter valued at approximately $58,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Perpetua Resources in the second quarter valued at approximately $57,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PPTA shares. HC Wainwright increased their target price on shares of Perpetua Resources from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Roth Mkm increased their target price on shares of Perpetua Resources from $7.25 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th.

Perpetua Resources Company Profile

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.