Parallel Mining Q4 EPS Forecast Lowered by Clarus Securities

Parallel Mining Corp. (CVE:PAL) – Clarus Securities reduced their Q4 2026 earnings estimates for shares of Parallel Mining in a note issued to investors on Friday, June 12th. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.10 per share for the quarter, down from their prior forecast of $0.11. Clarus Securities currently has a “Strong-Buy” rating on the stock.

Parallel Mining Stock Performance

Shares of Parallel Mining stock opened at C$0.15 on Thursday. The business has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.15. Parallel Mining has a one year low of C$0.10 and a one year high of C$0.30. The company has a debt-to-equity ratio of 78.11, a current ratio of 0.81 and a quick ratio of 0.48. The firm has a market capitalization of C$3.02 million and a price-to-earnings ratio of -1.53.

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.