Paramount Gold Nevada (NYSEAMERICAN:PZG) Trading Up 5.1% – Still a Buy?

Shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) traded up 5.1% on Friday . The stock traded as high as $1.26 and last traded at $1.24. 797,393 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 661,057 shares. The stock had previously closed at $1.18.

Paramount Gold Nevada Stock Up 5.1%

The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $1.14 and a two-hundred day simple moving average of $0.96. The stock has a market capitalization of $97.17 million, a P/E ratio of -7.29 and a beta of 1.32.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last posted its earnings results on Friday, November 14th. The basic materials company reported $0.06 earnings per share for the quarter.

Institutional Trading of Paramount Gold Nevada

Several hedge funds have recently modified their holdings of PZG. Osaic Holdings Inc. raised its stake in shares of Paramount Gold Nevada by 531.1% in the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 56,463 shares during the last quarter. Captrust Financial Advisors bought a new stake in Paramount Gold Nevada during the 2nd quarter worth approximately $77,000. Geode Capital Management LLC increased its holdings in Paramount Gold Nevada by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 34,614 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Paramount Gold Nevada by 11.3% in the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 101,180 shares during the last quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Company Profile

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.