Parallel Mining Corp. (CVE:PAL – Free Report) – Equities researchers at Clarus Securities issued their FY2026 earnings estimates for Parallel Mining in a research report issued to clients and investors on Friday, July 31st. Clarus Securities analyst S. Kammermayer forecasts that the company will post earnings of ($0.21) per share for the year. Clarus Securities has a “Strong-Buy” rating on the stock. Clarus Securities also issued estimates for Parallel Mining’s Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.13 EPS and FY2027 earnings at $0.36 EPS.
Parallel Mining Stock Performance
CVE:PAL opened at C$0.15 on Monday. Parallel Mining has a twelve month low of C$0.10 and a twelve 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 company has a 50-day moving average of C$0.15 and a 200-day moving average of C$0.15. The firm 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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