INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Perpetua Resources Corp. of Class Action Lawsuit and Upcoming Deadlines - PPTA
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Pomerantz LLP has filed a class action lawsuit against Perpetua Resources Corp. (PPTA) alleging potential securities fraud. The lawsuit stems from the company's February 13, 2025 announcement of a $952 million increase in capital expenses for its Stibnite Gold Project, representing a 75% cost escalation. Following this disclosure, PPTA's stock price dropped 22.39% to $9.29 per share.
March 27, 2025 | 10:15 pm
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Class action lawsuit alleges potential securities fraud related to significant cost increases in Stibnite Gold Project, which caused a 22.39% stock price decline
The lawsuit and significant cost overrun suggest potential mismanagement and lack of transparency, which could negatively impact investor confidence and stock performance
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100