Shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Rating) shot up 3.9% during mid-day trading on Monday . The stock traded as high as $0.36 and last traded at $0.36. 100 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 930,215 shares. The stock had previously closed at $0.35.

Paramount Gold Nevada Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 7.24 and a quick ratio of 7.24. The firm has a market cap of $16.40 million, a PE ratio of -1.89 and a beta of 1.67.

Institutional Investors Weigh In On Paramount Gold Nevada

Several large investors have recently bought and sold shares of PZG. BlackRock Inc. increased its holdings in Paramount Gold Nevada by 52.4% during the 1st quarter. BlackRock Inc. now owns 104,974 shares of the basic materials company's stock worth $69,000 after purchasing an additional 36,074 shares during the period. Virtu Financial LLC increased its holdings in Paramount Gold Nevada by 218.5% during the 1st quarter. Virtu Financial LLC now owns 142,589 shares of the basic materials company's stock worth $93,000 after purchasing an additional 97,824 shares during the period. Finally, State Street Corp purchased a new stake in Paramount Gold Nevada during the 1st quarter worth about $167,000. Hedge funds and other institutional investors own 7.26% of the company's stock.

About Paramount Gold Nevada

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver ores. It holds principal interest in the Sleeper gold project with 2,322 unpatented mining claims totaling approximately 38,300 acres located in Humbolt County, Nevada.

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