Parallel Mining FY2026 EPS Forecast Cut by Clarus Securities

Parallel Mining Corp. (CVE:PAL) – Equities research analysts at Clarus Securities cut their FY2026 earnings per share (EPS) estimates for Parallel Mining in a research note issued on Tuesday, May 26th. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.00 per share for the year, down from their previous estimate of $0.05. Clarus Securities has a “Strong-Buy” rating on the stock.

Parallel Mining Price Performance

Parallel Mining stock opened at C$0.15 on Wednesday. Parallel Mining has a 12 month low of C$0.10 and a 12 month high of C$0.30. The company has a current ratio of 0.81, a quick ratio of 0.48 and a debt-to-equity ratio of 78.11. The business’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15. The company has a market cap of C$3.02 million and a price-to-earnings ratio of -1.53.

Parallel Mining Company Profile

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.