PPP Falls to Levels Below Book Value

In trading on Friday, shares of Primero Mining Corp (PPP) crossed below their last reported book value — defined as common shareholder equity per share — of $5.99, changing hands as low as $5.98 per share. Primero Mining Corp shares are currently trading trading flat on the day. The chart below shows the one year performance of PPP shares, versus its 50 and 200 day moving averages:

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Primero Mining Corp Moving Averages Chart

Looking at the chart above, PPP's low point in its 52 week range is $4.27 per share, with $8.47 as the 52 week high point — that compares with a last trade of $6.04.

According to the ETF Finder at ETF Channel, PPP makes up 3.74% of the Junior Gold Miners ETF ( GDXJ) which is trading lower by about 0.5% on the day Friday.

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