Paramount Gold Nevada Corp (NYSEAMERICAN:PZG) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 100,508 shares, a decrease of 34.0% from the November 30th total of 152,197 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 45,163 shares, the days-to-cover ratio is presently 2.2 days.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Paramount Gold Nevada from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. HC Wainwright reissued a “buy” rating and set a $3.75 price target on shares of Paramount Gold Nevada in a research report on Monday, October 2nd. Finally, ValuEngine raised Paramount Gold Nevada from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

Shares of Paramount Gold Nevada (NYSEAMERICAN:PZG) opened at $1.29 on Thursday. Paramount Gold Nevada has a 52-week low of $1.16 and a 52-week high of $2.10. The stock has a market capitalization of $28.84 and a P/E ratio of -2.80.

In other Paramount Gold Nevada news, major shareholder Parent Co. Fcmi bought 1,075,000 shares of Paramount Gold Nevada stock in a transaction dated Thursday, October 12th. The stock was bought at an average cost of $1.40 per share, for a total transaction of $1,505,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders acquired 1,110,000 shares of company stock valued at $1,552,400. 3.70% of the stock is owned by company insiders.

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Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp. is an exploration-stage mining company. The Company is engaged in the business of acquiring, exploring and developing precious metal projects in the United States. Its principal Nevada interest, the Sleeper Gold Project, is located in Humboldt County, Nevada. Its project located in Oregon, known as the Grassy Mountain Project, is situated in Malheur County, Oregon.

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