Paramount Gold Nevada (NYSEAMERICAN:PZG) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.12 and traded as low as $1.0752. Paramount Gold Nevada shares last traded at $1.16, with a volume of 307,501 shares.

Paramount Gold Nevada Stock Up 8.4%

The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.47. The firm has a market cap of $90.87 million, a price-to-earnings ratio of -8.92 and a beta of 1.26. The firm has a 50-day moving average of $1.12 and a two-hundred day moving average of $0.81.

Institutional Investors Weigh In On Paramount Gold Nevada

Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its position in Paramount Gold Nevada by 531.1% during the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 56,463 shares during the period. Captrust Financial Advisors acquired a new stake in Paramount Gold Nevada in the 2nd quarter worth $77,000. Geode Capital Management LLC grew its position in Paramount Gold Nevada by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 34,614 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Paramount Gold Nevada by 11.3% during the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 101,180 shares during the period. 4.51% of the stock is owned by institutional investors.

About Paramount Gold Nevada

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.