Perseus Mining Limited’s (ASX:PRU) stock moved up 6.9% on June 07, 2017, led by surge in gold prices due to weak economic data in the U.S and rising geo political concerns. Recently, the company has reported timely progress on drilling program at its Yaouré Gold Project in Côte d’Ivoire, West Africa. PRU has a target of producing more than 500,000 ounces of gold from its West African mines by 2021. PRU stock has fallen 49% in the last six months (as on May 24, 2017) owing to the volatile environment seen in last few months while the group reported for a net loss attributable to members of $22.28m for the half-year to 31 December 2016. Over the past six months’ stock has declined by 48.7% and currently trading at its 52-week low levels.
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