Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 549,241 shares, an increase of 78.1% from the September 30th total of 308,395 shares. Based on an average trading volume of 273,464 shares, the short-interest ratio is currently 2.0 days. Currently, 0.7% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Trifecta Capital Advisors LLC acquired a new stake in Paramount Gold Nevada during the first quarter worth approximately $79,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Paramount Gold Nevada during the first quarter worth approximately $105,000. Walleye Capital LLC acquired a new position in shares of Paramount Gold Nevada in the first quarter valued at approximately $158,000. Bank of America Corp DE grew its position in shares of Paramount Gold Nevada by 9,018.3% in the first quarter. Bank of America Corp DE now owns 140,330 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 138,791 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Paramount Gold Nevada during the second quarter worth approximately $457,000. Institutional investors and hedge funds own 4.51% of the company’s stock.
Paramount Gold Nevada Stock Performance
Paramount Gold Nevada stock traded up $0.02 during mid-day trading on Tuesday, hitting $0.91. 32,428 shares of the company’s stock traded hands, compared to its average volume of 890,380. The firm has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.50. Paramount Gold Nevada has a fifty-two week low of $0.88 and a fifty-two week high of $2.71. The stock has a market cap of $78.71 million, a price-to-earnings ratio of -4.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.08 and a quick ratio of 3.08.
Paramount Gold Nevada Company Profile
Paramount Gold Nevada Corp. is a mineral exploration and development company focused on advancing gold projects in the western United States. The company’s activities include acquiring, exploring, evaluating and developing properties with potential gold and precious-metal resources.
Paramount’s principal assets include the Sleeper Gold Project in Humboldt County, Nevada, and the Grassy Mountain Gold Project in Malheur County, Oregon. The Sleeper project is a historic, high-grade gold and silver mining district that Paramount is evaluating for potential redevelopment.
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