This Is What Whales Are Betting On Perpetua Resources - Perpetua Resources (NASDAQ:PPTA)

Core Insights - Investors are showing a bullish stance on Perpetua Resources (NASDAQ:PPTA), with significant options activity indicating potential upcoming developments [1] - The sentiment among large traders is split evenly, with 45% bullish and 45% bearish positions observed [2] - Major market movers are focusing on a price range between $17.5 and $35.0 for Perpetua Resources over the last three months [3] Options Activity - The mean open interest for Perpetua Resources options trades is 3190.75, with a total volume of 8,763.00 [4] - In the last 30 days, significant options trades include 2 puts totaling $254,851 and 9 calls totaling $949,630 [2][4] - Notable trades include bullish calls with strike prices of $20.00 and $25.00, and bearish calls with a strike price of $30.00 [10] Company Overview - Perpetua Resources Corp focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, specifically the Stibnite Gold Project, which is one of the highest-grade open-pit gold deposits in the U.S. [11] - The company aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S. [11] Analyst Ratings - Recent expert ratings on Perpetua Resources show an average target price of $26.0, with one analyst maintaining a Buy rating at a price target of $23 and another downgrading to Buy with a target of $30 [13][14] - Another analyst from B. Riley Securities has set a price target of $25 while maintaining a Buy rating [14] Current Trading Status - Perpetua Resources is currently trading at $23.64, with a volume of 2,979,582 and a slight increase of 0.25% [16] - RSI readings suggest that the stock may be overbought, indicating potential caution for investors [16] - Anticipated earnings release is in 36 days, which could impact trading activity [16]