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Perseus Mining (FRA:P4Q) 6-1 Month Momentum % : 6.18% (As of Dec. 13, 2024)


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What is Perseus Mining 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-13), Perseus Mining's 6-1 Month Momentum % is 6.18%.

The industry rank for Perseus Mining's 6-1 Month Momentum % or its related term are showing as below:

FRA:P4Q's 6-1 Month Momentum % is ranked better than
69.96% of 2560 companies
in the Metals & Mining industry
Industry Median: -11.65 vs FRA:P4Q: 6.18

Competitive Comparison of Perseus Mining's 6-1 Month Momentum %

For the Gold subindustry, Perseus Mining's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Perseus Mining's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Perseus Mining's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Perseus Mining's 6-1 Month Momentum % falls into.



Perseus Mining  (FRA:P4Q) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Perseus Mining  (FRA:P4Q) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Perseus Mining 6-1 Month Momentum % Related Terms

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Perseus Mining Business Description

Address
437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008
Perseus is an Australia-based gold miner. It sold around 510,000 ounces of gold in fiscal 2024 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022 and its 80%-owned Nyanzaga gold project in Tanzania in fiscal 2024. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, it had about six years of reserves at the end of fiscal 2024. We forecast it sells about 480,000 ounces of gold in fiscal 2025.

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