Perpetua Resources Corp. (PPTA) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Perpetua Resources Corp. (PPTA) - PPTA currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [2][11] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] Price Performance - Over the past week, PPTA shares increased by 3.21%, while the Zacks Mining - Miscellaneous industry rose by 3.45% [5] - In the last month, PPTA's price surged by 48.9%, significantly outperforming the industry's 19.04% [5] - Over the past quarter, PPTA shares have risen by 50.12%, and they are up 171.76% over the last year, compared to the S&P 500's increases of 4.67% and 14.71%, respectively [6] Trading Volume - PPTA's average 20-day trading volume is 3,675,079 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for PPTA have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.38 to -$0.30 [9] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [9]