PARINGA RESOURC/S (NASDAQ:PNRL) traded down 8.7% on Thursday . The stock traded as low as $1.51 and last traded at $1.67, 885,899 shares were traded during trading. An increase of 906% from the average session volume of 88,087 shares. The stock had previously closed at $1.83.
PNRL has been the topic of several recent analyst reports. Zacks Investment Research lowered PARINGA RESOURC/S from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Roth Capital lowered their price target on PARINGA RESOURC/S to $15.00 and set a “buy” rating for the company in a report on Friday, September 27th.
The stock has a market cap of $20.07 million and a price-to-earnings ratio of -55.67. The company has a quick ratio of 1.41, a current ratio of 1.49 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $2.03 and a 200 day simple moving average of $2.93.
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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