Perseus Mining stock price passes below 200-day moving average

Perseus Mining Limited (TSE:PRU – Get Rating) has crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$1.59 and traded as low as C$1.49. Perseus Mining shares last traded at C$1.49, with a volume of 17,251 shares.

The company has a current ratio of 3.26, a quick ratio of 2.07 and a debt-to-equity ratio of 6.39. The company has a market cap of C$2.03 billion and a price-to-earnings ratio of 10.80. The firm’s fifty day simple moving average is C$1.65 and its 200 day simple moving average is C$1.59.

About Perseus Mining

Perseus Mining, incorporated in 2003 and based in Subiaco, Australia, explores, evaluates, develops, and mines for gold properties in West Africa. It currently operates three gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire. Perseus has recently acquired Orca Gold, and now owns 70% of the Block 14 Development Project in Sudan, and a 31.4% stake in the Koné Gold Project in Cote d’Ivoire.

Their first mine, the Edikan Gold Mine in Ghana, has produced about 1.8 million ounces of gold since commencing commercial production in 2012. Based on current Ore Reserves, Perseus will recover a further 1.3 million ounces of gold from Edikan over the remaining mine life. Perseus is on track to achieve their goal of becoming a 500,000oz per year gold producer by 2022.

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