Paramount Gold Nevada Corp (AMEX:PZG) shares, rose in value, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $0.39.
Actively observing the price movement in the last trading, the stock closed the session at $0.39, falling within a range of $0.3762 and $0.4. The value of beta (5-year monthly) was 1.863. Referring to stock’s 52-week performance, its high was $0.69, and the low was $0.31. On the whole, PZG has fluctuated by 1.74% over the past month.
With the market capitalization of Paramount Gold Nevada Corp currently standing at about $26.15 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Sep-25.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PZG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 25% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of PZG currently trading nearly 3.33% and 5.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.55, while the 7-day volatility ratio is showing 7.95% which for the 30-day chart, stands at 5.86%. Furthermore, Paramount Gold Nevada Corp (PZG)’s beta value is 0.98, and its average true range (ATR) is 0.03.
A comparison of Paramount Gold Nevada Corp (PZG) with its peers suggests the former has fared considerably weaker in the market. PZG showed an intraday change of -1.33% in last session, and over the past year, it shrunk by -11.02%%.
Data on historical trading for Paramount Gold Nevada Corp (AMEX:PZG) indicates that the trading volumes over the past 10 days have averaged 0.43 and over the past 3 months, they’ve averaged 235.50K. According to company’s latest data on outstanding shares, there are 67.42 million shares outstanding.
Nearly 22.22% of Paramount Gold Nevada Corp’s shares belong to company insiders and institutional investors own 11.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.18 million shares as on 2025-03-31, resulting in a short ratio of 0.63. According to the data, the short interest in Paramount Gold Nevada Corp (PZG) stood at 32.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.13 million. The stock has risen by 13.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PZG stock heading into the next quarter.
