Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 49,800 shares, a decrease of 63.6% from the May 15th total of 136,800 shares. Based on an average daily volume of 2,100,000 shares, the days-to-cover ratio is presently 0.0 days.

Paramount Gold Nevada stock opened at $0.54 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a market cap of $24.93 million, a PE ratio of -2.82 and a beta of 1.73. Paramount Gold Nevada has a fifty-two week low of $0.45 and a fifty-two week high of $1.10.

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Paramount Gold Nevada during the 4th quarter valued at $25,000. Virtu Financial LLC bought a new position in shares of Paramount Gold Nevada during the 4th quarter valued at $31,000. BlackRock Inc. grew its holdings in shares of Paramount Gold Nevada by 73.6% during the 3rd quarter. BlackRock Inc. now owns 67,571 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 28,642 shares during the last quarter. State Street Corp bought a new position in shares of Paramount Gold Nevada during the 1st quarter valued at $167,000. Finally, Royal Bank of Canada grew its holdings in shares of Paramount Gold Nevada by 874.0% during the 3rd quarter. Royal Bank of Canada now owns 362,885 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 325,626 shares during the last quarter. Hedge funds and other institutional investors own 5.74% of the company’s stock.

Paramount Gold Nevada Company Profile (Get Rating)

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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