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Jessica Marie Largent, the Chief Financial Officer of Perpetua Resources Corp. (NASDAQ:PPTA), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Largent sold 11,737 common shares on February 20, 2025, at an average price of $9.24 per share, totaling approximately $108,449. The sale comes amid a challenging period for the stock, which has declined over 10% in the past week, according to InvestingPro data.
This transaction was executed to cover tax withholding obligations related to the settlement of Restricted Share Units (RSUs) that vested earlier in February. Following this sale, Largent continues to hold 121,692 shares directly. The company maintains a healthy liquidity position with a current ratio of 2.31, indicating strong ability to meet short-term obligations.
Additionally, on February 21, 2025, Largent acquired 19,079 Restricted Share Units at no cost. These RSUs are part of the company’s Omnibus Equity Incentive Plan and are set to vest over the next three years. This acquisition increases her total holdings to 85,143 shares post-transaction. With the company’s next earnings report scheduled for March 14, 2025, InvestingPro subscribers can access 12 additional key insights about PPTA’s financial health and market position.
In other recent news, Perpetua Resources has received significant attention following the U.S. Forest Service’s approval of its Stibnite Gold Project in Idaho. This project, which has been under review for eight years, holds an estimated reserve of 4.8 million ounces of gold and 148 million pounds of antimony. Perpetua Resources aims to produce approximately 450,000 ounces of gold annually in the project’s initial four years. The approval is expected to create 550 jobs and inject over one billion dollars into Idaho’s economy. H.C. Wainwright has raised its price target for Perpetua Resources to $25.00, maintaining a Buy rating, while National Bank has noted the project’s potential to supply one-third of the U.S. antimony demand. Additionally, Perpetua Resources has partnered with U.S. Antimony Corporation to test antimony concentrate, aiming to establish a domestic supply chain for this critical mineral. The company is now focusing on finalizing permits and securing financing to advance to the construction phase. These developments mark a pivotal moment for Perpetua Resources as it moves closer to contributing significantly to the U.S. supply of both gold and antimony.
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