A director at Perpetua Resources sold 13,148 shares in the open market for $356,192, reducing direct ownership from 29,500 shares to 16,352 shares. All shares transacted were from direct ownership, and the sale stemmed from an exercise of options followed by immediate disposition. The transaction value was based on a weighted average purchase price of $27.09.

Alexander McLeod Sternhell, a director at Perpetua Resources, executed the sale of 13,148 shares for approximately $356,192. The sale represented 44.57% of his directly owned common shares, reducing his direct ownership significantly. The transaction value was based on a weighted average purchase price of $27.09, indicating a discount to the closing market price on Jan. 7.

Perpetua Resources engages in mineral exploration, focusing on gold, silver, and antimony through its Stibnite gold project in Idaho. The company’s stock has surged about 145% over the past year, outperforming the market. The recent sale by a director was linked to an exercise of options, with a portion of shares sold and the remainder converted to direct ownership.

The insider sale at Perpetua Resources was significant, reducing direct common share ownership by 44.57%. This was the first non-administrative sale by the director, occurring as the company transitioned from permitting to execution. Perpetua broke ground at the Stibnite Gold Project, secured financing, and positioned itself as a rare domestic source of antimony.

Perpetua Resources has a market capitalization of $3.62 billion, with a net income of ($44.3 million) in the trailing twelve months. The company has seen a 145% price change over the past year, driven by its exploration and development activities focused on gold, silver, and antimony at the Stibnite gold project in Idaho.

Read more at Yahoo Finance: What to Know About a $356,000 Perpetua Insider Stock Sale Amid a 145% Price Surge