PARINGA RESOURC/S (NASDAQ:PNRL) Given Average Rating of “Strong Buy” by Analysts

PARINGA RESOURC/S (NASDAQ:PNRL) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $14.00 for the company, according to Zacks. Zacks has also assigned PARINGA RESOURC/S an industry rank of 161 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $13.00 price objective on shares of PARINGA RESOURC/S in a report on Tuesday, July 23rd. Zacks Investment Research upgraded PARINGA RESOURC/S from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, October 2nd. Finally, Roth Capital decreased their price objective on PARINGA RESOURC/S to $15.00 and set a “buy” rating for the company in a report on Friday, September 27th.

Shares of NASDAQ PNRL traded down $0.48 during midday trading on Friday, hitting $2.10. 2,010 shares of the stock traded hands, compared to its average volume of 2,680. PARINGA RESOURC/S has a one year low of $1.65 and a one year high of $9.02. The business has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $3.33. The company has a current ratio of 1.49, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81.

PARINGA RESOURC/S Company Profile

Paringa Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in the United States. The company holds an interest in the Buck Creek Mine Complex located in the Illinois coal basin. As of June 30, 2018, it owned 40,751 gross acres of coal leases in Kentucky, the United States.

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