Gold developer Perseus Mining (ASX: PRU) is set to join the ASX All Australian 200 index on 11 December following the removal of Felix Resources. This is an important milestone as often institutional investors weight their portfolios relative to an index. It can presage significant increases in volumes traded in shares in companies listed in these indexes.
Perseus is on track to list on the Toronto Stock Exchange in January.
The shares closed the day at $1.69. Capping a rise of 281% since early January.