Perseus Mining's (ASX: PRU) shares have been on a tear over the last few trading days, hitting $0.91 intra-day today, which is a 60% gain since the closing price just last Wednesday.
Perseus said it is not aware of any information that has not been released to the market which may explain the sudden investor interest.
Driving interest in the stock is a rising gold price, with the yellow metal up around 8% over the past fortnight.
Perseus produced 104,744 gold ounces in the first half of 2013, with total all-in site cash costs of US$1,256/oz.
The company has forecasts costs to be reduced, with guidance for FY2014 set at 190,000 to 210,000 ounces of gold at total all-in site cash cost of US$1,000 to US$1,200/oz.
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