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 disclosure of a significantly updated cash flow model for its Stibnite Gold Project, which revealed an additional $952 million in capital expenses - a 75% increase from original projections. The stock price dropped 22.39% following this announcement, from $11.97 to $9.29 per share.
April 04, 2025 | 2:15 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 drop
The lawsuit and significant cost overrun disclosure suggest potential management transparency issues, likely to negatively impact investor confidence and stock price in short term
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100