Parallel Mining Corp. (CVE:PAL – Free Report) – Analysts at Clarus Securities decreased their Q3 2027 earnings estimates for shares of Parallel Mining in a report issued on Friday, June 12th. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.10 per share for the quarter, down from their previous estimate of $0.11. Clarus Securities currently has a “Strong-Buy” rating on the stock.
Parallel Mining Trading Up 7.1%
Shares of Parallel Mining stock opened at C$0.15 on Tuesday. The company has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15. Parallel Mining has a 12-month low of C$0.10 and a 12-month high of C$0.30. The company has a current ratio of 0.81, a quick ratio of 0.48 and a debt-to-equity ratio of 78.11. The stock has a market cap of C$3.02 million and a price-to-earnings ratio of -1.53.
About Parallel Mining
Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.
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