Rathbones Group PLC lowered its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA – Get Rating) by 63.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the company's stock after selling 32,700 shares during the period. Rathbones Group PLC's holdings in Perpetua Resources were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of PPTA. Nisa Investment Advisors LLC purchased a new stake in shares of Perpetua Resources during the 4th quarter valued at $37,000. Advisor Group Holdings Inc. lifted its holdings in shares of Perpetua Resources by 458.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,598 shares of the company's stock valued at $50,000 after purchasing an additional 8,700 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Perpetua Resources during the 4th quarter valued at $66,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Perpetua Resources during the 1st quarter valued at $58,000. Finally, Scholtz & Company LLC lifted its holdings in shares of Perpetua Resources by 71.2% during the 4th quarter. Scholtz & Company LLC now owns 18,476 shares of the company's stock valued at $88,000 after purchasing an additional 7,685 shares during the last quarter. Hedge funds and other institutional investors own 64.02% of the company's stock.
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Separately, HC Wainwright decreased their price objective on Perpetua Resources from $12.00 to $8.50 and set a "buy" rating for the company in a report on Thursday, August 4th.
Perpetua Resources Price Performance
Shares of PPTA stock opened at $2.64 on Monday. The firm has a market capitalization of $166.29 million, a price-to-earnings ratio of -5.62 and a beta of 0.46. The business has a fifty day moving average of $2.96 and a 200 day moving average of $3.50. Perpetua Resources Corp. has a 1 year low of $2.52 and a 1 year high of $5.94.Insider Buying and Selling
In other news, CFO Jessica Marie Largent bought 12,500 shares of Perpetua Resources stock in a transaction that occurred on Monday, July 11th. The stock was bought at an average price of $2.80 per share, for a total transaction of $35,000.00. Following the purchase, the chief financial officer now directly owns 30,333 shares of the company's stock, valued at approximately $84,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 16,004 shares of company stock worth $44,691 in the last 90 days. Insiders own 0.94% of the company's stock.
About Perpetua Resources
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Perpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.
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