Perpetua Resources Corp. (NASDAQ:PPTA) Short Interest Update

Perpetua Resources Corp. (NASDAQ:PPTA) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,290,000 shares, an increase of 29.4% from the November 30th total of 1,770,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 638,400 shares, the days-to-cover ratio is currently 3.6 days.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $15.00 target price on shares of Perpetua Resources in a research note on Thursday, December 12th. HC Wainwright increased their price objective on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, National Bank Financial began coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating on the stock.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the sale, the insider now directly owns 65,571 shares in the company, valued at $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Perpetua Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Perpetua Resources by 232.2% during the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock worth $534,000 after purchasing an additional 39,954 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Perpetua Resources by 43.6% during the 3rd quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after buying an additional 10,463 shares during the last quarter. Barclays PLC grew its holdings in shares of Perpetua Resources by 63.4% in the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after acquiring an additional 28,746 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Stock Up 0.9 %

Shares of NASDAQ:PPTA traded up $0.09 during mid-day trading on Tuesday, reaching $10.67. 399,948 shares of the stock were exchanged, compared to its average volume of 340,157. The company has a market cap of $748.75 million, a P/E ratio of -48.50 and a beta of 0.22. The stock’s 50 day simple moving average is $10.51 and its 200-day simple moving average is $8.59. Perpetua Resources has a one year low of $2.69 and a one year high of $13.18.

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.