Pretium Resources Inc. is up almost 10% in the last two trading sessions after Scotia Capital released a bullish report on the company. Trading at $7.76 on Thursday, Pretium has a $1 billion market cap, based on 132.6 million shares outstanding. The 52-week range is $9.43 and $4.60.
Pretium has been pretty quiet over the past winter, as the ongoing permitting process continues on its 100%-owned, high-grade Brucejack development project in British Columbia, the Scotia report said.
Back on March 26, 2015, Pretium received the environmental assessment certificate (EAC) from the British Columbia Environmental Assessment Office (BCEAO), the first of two major permits that Brucejack requires before construction can begin).
Stockhouse News Editorial – May 14, 2015.
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