Paramount Gold Nevada (NYSEAMERICAN:PZG) Shares Down 1.2%

Shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) fell 1.2% during trading on Wednesday . The company traded as low as $0.43 and last traded at $0.44. 25,390 shares traded hands during trading, a decline of 83% from the average session volume of 145,769 shares. The stock had previously closed at $0.44.

Paramount Gold Nevada Stock Performance

The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $26.85 million, a P/E ratio of -3.41 and a beta of 1.88.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its quarterly earnings results on Tuesday, February 13th. The basic materials company reported ($0.03) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Paramount Gold Nevada stock. Cullen Frost Bankers Inc. bought a new stake in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,940,000 shares of the basic materials company’s stock, valued at approximately $834,000. Cullen Frost Bankers Inc. owned approximately 4.49% of Paramount Gold Nevada at the end of the most recent quarter. 4.51% of the stock is currently owned by institutional investors.

Paramount Gold Nevada Company Profile

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.