Paramount Gold Nevada Corp (AMEX:PZG) price on Thursday, March 28, rose 0.92% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.41.
A look at the stock’s price movement, the close in the last trading session was $0.40. The beta value (5-Year monthly) was 1.85. Turning to its 52-week performance, $0.42 and $0.24 were the 52-week high and 52-week low respectively. Overall, PZG moved 22.17% over the past month.
Paramount Gold Nevada Corp’s market cap currently stands at around $24.70 million, with investors looking forward to this quarter’s earnings report slated for May 12, 2024 – May 16, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PZG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PZG’s current price about 9.12% and 11.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.62, while 7-day volatility ratio is 5.88% and 6.33% in the 30-day chart. Further, Paramount Gold Nevada Corp (PZG) has a beta value of 1.88, and an average true range (ATR) of 0.02.
If we refocus on Paramount Gold Nevada Corp (AMEX:PZG), historical trading data shows that trading volumes averaged 0.23 million over the past 10 days and 105.62K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.81 million shares.
The 29.05% of Paramount Gold Nevada Corp’s shares are in the hands of company insiders while institutional holders own 4.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 27820.0 on Mar 15, 2024, giving us a short ratio of 0.25. The data shows that as of Mar 15, 2024 short interest in Paramount Gold Nevada Corp (PZG) stood at 0.05% of shares outstanding, with shares short rising to 26880.0 registered in Feb 15, 2024. Current price change has pushed the stock 8.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PZG stock continues to rise going into the next quarter.
