Paramount Gold Nevada Corp (AMEX:PZG) price on Friday, April 11, fall -5.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.36.
A look at the stock’s price movement, the close in the last trading session was $0.38, moving within a range at $0.3565 and $0.3925. The beta value (5-Year monthly) was 1.863. Turning to its 52-week performance, $0.69 and $0.31 were the 52-week high and 52-week low respectively. Overall, PZG moved -1.79% over the past month.
Paramount Gold Nevada Corp’s market cap currently stands at around $24.10 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Sep-25.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PZG is a Hold. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend PZG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PZG’s current price about -4.03% and -2.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.29, while 7-day volatility ratio is 7.44% and 5.68% in the 30-day chart. Further, Paramount Gold Nevada Corp (PZG) has a beta value of 1.01, and an average true range (ATR) of 0.02. Analysts have given the company’s stock an average 52-week price target of $1.2, forecast between a low of $1.2 and high of $1.2. Looking at the price targets, the low is -233.33% off current price level while to achieve the yearly target high, price needs to move -233.33%. Nonetheless, investors will most likely welcome a -233.33% jump to $1.2 which is the analysts’ median price.
If we refocus on Paramount Gold Nevada Corp (AMEX:PZG), historical trading data shows that trading volumes averaged 0.22 over the past 10 days and 193.99K over the past 3 months. The company’s latest data on shares outstanding shows there are 67.42 million shares.
The 22.22% of Paramount Gold Nevada Corp’s shares are in the hands of company insiders while institutional holders own 11.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 75433.0 on 2025-03-14, giving us a short ratio of 0.53. The data shows that as of 2025-03-14 short interest in Paramount Gold Nevada Corp (PZG) stood at 13.0 of shares outstanding, with shares short rising to 70086.0 registered in 2025-02-14. Current price change has pushed the stock 4.24% 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.
