Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Rating) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 39,300 shares, a decline of 62.1% from the July 15th total of 103,700 shares. Based on an average trading volume of 173,200 shares, the short-interest ratio is presently 0.2 days.
Paramount Gold Nevada Stock Performance
Shares of NYSEAMERICAN:PZG traded up $0.01 during trading on Friday, reaching $0.43. The stock had a trading volume of 24,791 shares, compared to its average volume of 118,602. 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 $20.24 million, a PE ratio of -2.29 and a beta of 1.64. Paramount Gold Nevada has a fifty-two week low of $0.40 and a fifty-two week high of $1.10.
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Paramount Gold Nevada (NYSEAMERICAN:PZG – Get Rating) last released its earnings results on Tuesday, May 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.21 million for the quarter, compared to analysts' expectations of $0.20 million. On average, equities analysts expect that Paramount Gold Nevada will post -0.18 EPS for the current year.
Institutional Investors Weigh In On Paramount Gold Nevada
A number of institutional investors have recently bought and sold shares of PZG. BlackRock Inc. grew its holdings in Paramount Gold Nevada by 52.4% in the first quarter. BlackRock Inc. now owns 104,974 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 36,074 shares during the period. State Street Corp purchased a new stake in Paramount Gold Nevada during the first quarter worth approximately $167,000. Finally, Virtu Financial LLC grew its stake in Paramount Gold Nevada by 218.5% during the first quarter. Virtu Financial LLC now owns 142,589 shares of the basic materials company's stock worth $93,000 after buying an additional 97,824 shares during the period. 5.74% of the stock is currently owned by hedge funds and other institutional investors.
About Paramount Gold Nevada
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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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