Paramount Gold Nevada (NYSEAMERICAN:PZG) Stock Price Up 5.1% – Should You Buy?

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG)’s stock price shot up 5.1% during mid-day trading on Friday . The company traded as high as $1.26 and last traded at $1.24. 797,393 shares traded hands during trading, an increase of 21% from the average session volume of 661,057 shares. The stock had previously closed at $1.18.

Paramount Gold Nevada Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $1.14 and a 200 day moving average price of $0.96. The firm has a market cap of $97.17 million, a price-to-earnings ratio of -7.29 and a beta of 1.32.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its earnings results on Friday, November 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Paramount Gold Nevada

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Paramount Gold Nevada by 6.0% in the second quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after buying an additional 34,614 shares during the period. Osaic Holdings Inc. lifted its stake in Paramount Gold Nevada by 531.1% in the 2nd quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 56,463 shares in the last quarter. Tidal Investments LLC boosted its holdings in Paramount Gold Nevada by 11.3% during the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 101,180 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Paramount Gold Nevada in the 2nd quarter valued at $77,000. Institutional investors own 4.51% of the company’s stock.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada is a publicly traded mineral exploration and development company focused on precious metal properties in Nevada. The company’s core business activities include the acquisition, exploration, evaluation and advancement of gold and silver prospects. Utilizing modern geological, geochemical and geophysical survey techniques, Paramount seeks to delineate high-grade mineral resources and position its assets for potential future production or strategic partnerships with established mining operators.

Paramount’s portfolio encompasses several key projects across Nevada’s prolific mineral belts, including the historic Sleeper gold mine in Humboldt County, the Scossa epithermal gold system in Pershing County and the San Miguel gold-silver district in Mineral County.