Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 705,477 shares, a decrease of 40.2% from the May 31st total of 1,178,935 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 668,958 shares, the short-interest ratio is currently 1.1 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in shares of Paramount Gold Nevada in the first quarter valued at about $665,000. Renaissance Technologies LLC lifted its position in shares of Paramount Gold Nevada by 29.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,132,631 shares of the basic materials company’s stock worth $1,427,000 after purchasing an additional 256,431 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Paramount Gold Nevada during the 4th quarter valued at approximately $207,000. Hollencrest Capital Management bought a new stake in Paramount Gold Nevada during the 4th quarter valued at approximately $181,000. Finally, Bank of America Corp DE grew its holdings in Paramount Gold Nevada by 9,018.3% in the 1st quarter. Bank of America Corp DE now owns 140,330 shares of the basic materials company’s stock valued at $233,000 after buying an additional 138,791 shares during the last quarter. 4.51% of the stock is currently owned by institutional investors and hedge funds.
Paramount Gold Nevada Price Performance
PZG stock remained flat at $1.20 during midday trading on Friday. The company’s stock had a trading volume of 393,791 shares, compared to its average volume of 577,753. Paramount Gold Nevada has a one year low of $0.59 and a one year high of $2.71. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.60. The company has a market cap of $102.94 million, a PE ratio of -5.45 and a beta of 1.22.
Analyst Ratings Changes
Check Out Our Latest Research Report on Paramount Gold Nevada
About Paramount Gold Nevada
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.
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