Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Significant Decline in Short Interest

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGGet Free Report) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 263,700 shares, a decline of 22.1% from the October 15th total of 338,600 shares. Based on an average daily trading volume, of 112,800 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Geode Capital Management LLC increased its holdings in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGFree Report) by 57.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 539,967 shares of the basic materials company’s stock after buying an additional 197,113 shares during the period. Geode Capital Management LLC owned about 0.82% of Paramount Gold Nevada worth $218,000 at the end of the most recent quarter. 4.51% of the stock is currently owned by institutional investors.

Paramount Gold Nevada Stock Up 3.5 %

PZG traded up $0.02 on Friday, hitting $0.46. The company had a trading volume of 1,842,461 shares, compared to its average volume of 172,987. The company has a current ratio of 10.51, a quick ratio of 9.86 and a debt-to-equity ratio of 0.40. The firm has a market cap of $30.25 million, a P/E ratio of -3.81 and a beta of 1.89. Paramount Gold Nevada has a 1 year low of $0.30 and a 1 year high of $0.69.

Paramount Gold Nevada (NYSEAMERICAN:PZGGet Free Report) last issued its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.04) EPS for the quarter.

Paramount Gold Nevada Company Profile

(Get Free Report)

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 deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.

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