Q2 EPS Estimates for Parallel Mining Reduced by Analyst

Parallel Mining Corp. (CVE:PAL) – Research analysts at Clarus Securities lowered their Q2 2026 earnings per share estimates for Parallel Mining in a research note issued to investors on Friday, July 31st. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings per share of ($0.06) for the quarter, down from their previous estimate of $0.01. Clarus Securities has a “Strong-Buy” rating on the stock. Clarus Securities also issued estimates for Parallel Mining’s Q3 2026 earnings at ($0.01) EPS, Q4 2026 earnings at $0.01 EPS and Q1 2027 earnings at $0.01 EPS.

Parallel Mining Stock Up 7.1%

Shares of CVE:PAL opened at C$0.15 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.81 and a debt-to-equity ratio of 78.11. The company has a market capitalization of C$3.02 million and a P/E ratio of -1.53. Parallel Mining has a 52-week low of C$0.10 and a 52-week high of C$0.30. The stock’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15.

About Parallel Mining

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.