Paramount Gold Nevada (NYSEAMERICAN:PZG) Announces Quarterly Earnings Results

Paramount Gold Nevada (NYSEAMERICAN:PZG) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.04) EPS for the quarter, reports.

Paramount Gold Nevada Trading Down 6.9 %

Shares of PZG stock opened at $0.41 on Friday. Paramount Gold Nevada has a twelve month low of $0.27 and a twelve month high of $0.69. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $26.36 million, a price-to-earnings ratio of -3.19 and a beta of 1.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Renaissance Technologies LLC boosted its holdings in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 88.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 670,904 shares of the basic materials company’s stock after acquiring an additional 314,304 shares during the quarter. Renaissance Technologies LLC owned about 1.05% of Paramount Gold Nevada worth $268,000 as of its most recent filing with the SEC. 4.51% of the stock is currently owned by institutional investors.

Paramount Gold Nevada Company Profile

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.