Paramount Gold Nevada (NYSEAMERICAN:PZG) Trading 0.9% Higher – Time to Buy?

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGGet Free Report)’s stock price shot up 0.9% on Monday . The company traded as high as $0.70 and last traded at $0.68. 297,605 shares changed hands during trading, an increase of 45% from the average session volume of 205,734 shares. The stock had previously closed at $0.67.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PZG. Alliance Global Partners restated a “buy” rating on shares of Paramount Gold Nevada in a report on Monday, July 14th. Industrial Alliance Securities set a $1.70 price objective on shares of Paramount Gold Nevada in a report on Monday, July 14th.

Check Out Our Latest Analysis on PZG

Paramount Gold Nevada Trading Up 0.9%

The firm has a market cap of $48.59 million, a P/E ratio of -5.23 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.30 and a current ratio of 4.30. The company’s fifty day moving average price is $0.60.

Institutional Investors Weigh In On Paramount Gold Nevada

An institutional investor recently bought a new position in Paramount Gold Nevada stock. Tidal Investments LLC bought a new stake in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 825,074 shares of the basic materials company’s stock, valued at approximately $282,000. Tidal Investments LLC owned approximately 1.25% of Paramount Gold Nevada as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Paramount Gold Nevada

(Get Free Report)

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.

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