Investors Purchase High Volume of Perpetua Resources Call Options (NASDAQ:PPTA)

Perpetua Resources Corp. (NASDAQ:PPTA) was the recipient of unusually large options trading on Monday. Stock investors purchased 7,524 call options on the stock. This is an increase of approximately 1,104% compared to the typical volume of 625 call options.

Analyst Upgrades and Downgrades

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

Perpetua Resources Stock Down 2.0 %

Shares of NASDAQ PPTA opened at $12.51 on Wednesday. The company has a market cap of $877.86 million, a price-to-earnings ratio of -56.86 and a beta of 0.19. The firm’s fifty day moving average is $10.67 and its 200 day moving average is $8.82. Perpetua Resources has a 52 week low of $2.69 and a 52 week high of $13.23.

Insiders Place Their Bets

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the transaction, the insider now directly owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Continuum Advisory LLC raised its holdings in Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Perpetua Resources during the third quarter valued at about $98,000. Quantbot Technologies LP bought a new position in Perpetua Resources in the third quarter worth about $123,000. SG Americas Securities LLC purchased a new stake in Perpetua Resources in the third quarter worth about $125,000. Finally, American Century Companies Inc. bought a new stake in Perpetua Resources during the 2nd quarter valued at approximately $124,000. 70.07% of the stock is owned by institutional investors.

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.