Paramount Gold Nevada (NYSEAMERICAN:PZG) Trading Down 4.3% – Time to Sell?

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG)’s stock price traded down 4.3% on Thursday . The stock traded as low as $1.08 and last traded at $1.11. 289,632 shares were traded during trading, a decline of 57% from the average session volume of 674,950 shares. The stock had previously closed at $1.16.

Paramount Gold Nevada Price Performance

The company’s 50 day moving average price is $1.15 and its 200-day moving average price is $0.89. The company has a market cap of $90.90 million, a price-to-earnings ratio of -6.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.32.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last announced its earnings results on Friday, November 14th. The basic materials company reported $0.06 EPS for the quarter.

Institutional Trading of Paramount Gold Nevada

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its holdings in shares of Paramount Gold Nevada by 531.1% during the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 56,463 shares during the period. Captrust Financial Advisors purchased a new position in shares of Paramount Gold Nevada during the 2nd quarter valued at $77,000. Geode Capital Management LLC increased its stake in shares of Paramount Gold Nevada by 6.0% in the second quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 34,614 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Paramount Gold Nevada by 11.3% during the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after acquiring an additional 101,180 shares in the last quarter. 4.51% of the stock is owned by hedge funds and other institutional investors.

About Paramount Gold Nevada

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.