Paramount Gold Nevada (NYSEAMERICAN:PZG) Stock Price Up 5.1% – Here’s What Happened

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

Paramount Gold Nevada Trading 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 firm has a market capitalization of $97.17 million, a price-to-earnings ratio of -7.29 and a beta of 1.32. The business has a 50-day moving average of $1.14 and a two-hundred day moving average of $0.96.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last announced its quarterly earnings data on Friday, November 14th. The basic materials company reported $0.06 EPS for the quarter.

Hedge Funds Weigh In On Paramount Gold Nevada

A number of hedge funds have recently made changes to their positions in PZG. Geode Capital Management LLC lifted its holdings in shares of 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 worth $373,000 after acquiring an additional 34,614 shares during the period. Osaic Holdings Inc. raised its position in 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 worth $41,000 after purchasing an additional 56,463 shares in the last quarter. Tidal Investments LLC raised its position in Paramount Gold Nevada by 11.3% in the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 101,180 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Paramount Gold Nevada during the second quarter worth about $77,000. Institutional investors and hedge funds own 4.51% of the company’s stock.

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.