Glancy Prongay & Murray LLP Investigates Potential Securities Law Violations by Perpetua Resources Corp.
Los Angeles, CA – Glancy Prongay & Murray LLP (“GPM”), a renowned national shareholder rights law firm, announces an investigation on behalf of investors of Perpetua Resources Corp. (“Perpetua” or the “Company”) (NASDAQ: PPTA) concerning potential securities laws violations.
Perpetua is a mining company focused on the exploration and development of its flagship project, the Minto Copper-Gold Mine in the Yukon Territory, Canada. The Company’s stock has experienced significant volatility over the past year, with a 52-week high of $1.50 and a 52-week low of $0.44.
Background:
According to the Company’s SEC filings, Perpetua announced in its Q3 2021 report that it had achieved record production levels at the Minto Mine. However, on November 1, 2021, the Company disclosed that it had identified certain inaccuracies in its previously reported production figures. Perpetua then restated its production numbers for the third and fourth quarters of 2021, resulting in a significant decrease in reported production.
Investigation:
GPM is investigating whether Perpetua and its executives violated federal securities laws by failing to disclose this production inaccuracy and other material information to the investing public.
Impact on Perpetua Investors:
The restatement of Perpetua’s production figures had a significant impact on the Company’s stock price, causing it to decline by over 50% from its previous high. Investors who purchased Perpetua securities during the class period may have suffered substantial losses and are encouraged to inquire about potentially pursuing claims to recover their losses.
- If you are a Perpetua investor who lost money, you may be able to recover your losses. Contact GPM to learn more about your options.
- The investigation is ongoing, and more information will be provided as it becomes available.
Impact on the World:
The securities investigation against Perpetua is not only significant for the Company’s investors but also for the broader mining industry. Transparency and accurate reporting are crucial for maintaining investor confidence and trust in publicly traded companies. This investigation serves as a reminder to all companies to ensure that they are providing accurate and timely information to their investors.
Conclusion:
Glancy Prongay & Murray LLP’s investigation into Perpetua Resources Corp. highlights the importance of transparency and accurate reporting in the mining industry. The Company’s failure to disclose production inaccuracies had a significant impact on its investors and the stock market as a whole. GPM encourages all investors who have suffered losses to contact the firm to discuss their potential legal rights.
For more information about this investigation or your potential legal rights, please contact Lesley Portnoy of GPM at 310-201-9150, Toll-Free at 888-773-9224, or visit
About Glancy Prongay & Murray LLP:
Glancy Prongay & Murray LLP is a premier national shareholder rights law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report.
For more information about GPM, please visit
