Paringa Resources (PNGZF) Upgraded at Zacks Investment Research

Paringa Resources (OTCMKTS:PNGZF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Paringa Resources Ltd. is involved in the exploration and development of resource projects. It primarily explores for coal. The company’s principal project consists of Poplar Grove Mine, the Cypress Mine and the Buck Creek coal mining complex primarily in the Illinois coal basin in western Kentucky. Paringa Resources Ltd. is headquartered in Evansville, Indiana. “

Several other research analysts also recently issued reports on PNGZF. ValuEngine downgraded shares of Paringa Resources from a “hold” rating to a “sell” rating in a research report on Friday. Roth Capital reissued a “buy” rating on shares of Paringa Resources in a research report on Monday, December 4th. Finally, HC Wainwright reissued a “buy” rating on shares of Paringa Resources in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Paringa Resources presently has an average rating of “Hold”.

Shares of Paringa Resources (PNGZF) traded down $0.03 during trading on Tuesday, reaching $0.41. 100 shares of the company’s stock traded hands, compared to its average volume of 1,714. Paringa Resources has a 52 week low of $0.26 and a 52 week high of $0.50.

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