Price Action to Note: What Next for Paramount Gold Nevada Corp Stock After Today’s Huge Decline?

Price Action to Note: What Next for Paramount Gold Nevada Corp Stock After Today's Huge Decline?

The stock of Paramount Gold Nevada Corp (NYSEMKT:PZG) is a huge mover today! The stock decreased 2.19% or $0.05 on September 30, hitting $2.01. About 93,125 shares traded hands. Paramount Gold Nevada Corp (NYSEMKT:PZG) has risen 62.10% since February 29, 2016 and is uptrending. It has outperformed by 51.67% the S&P500.
The move comes after 8 months negative chart setup for the $30.71M company. It was reported on Oct, 1 by Barchart.com. We have $1.75 PT which if reached, will make NYSEMKT:PZG worth $3.99 million less.

According to Zacks Investment Research, “Paramount Gold and Silver Corp. engages in the acquisition, exploration, and development of gold, silver, and precious metal properties primarily in Mexico. The Company’s primary objective is to explore and develop the San Miguel project. The project is located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt. The company will also continue to explore additional opportunities through joint ventures and acquisitions. The Company’s exploratory activities are concentrated within the San Miguel Groupings.”

More news for Paramount Gold Nevada Corp (NYSEMKT:PZG) were recently published by: Finance.Yahoo.com, which released: “Paramount Gold Nevada Corp. Completes Acquisition of Calico Resources Corp …” on July 07, 2016. Seekingalpha.com‘s article titled: “Paramount Gold Nevada starts pre-feasibility study at Grassy Mountain Gold Project” and published on August 30, 2016 is yet another important article.

PZG Company Profile

Paramount Gold Nevada Corp., incorporated on June 15, 1992, is a precious metals exploration company. The Firm is engaged in the business of precious metals exploration primarily in Nevada, the United States. The Company’s principal Nevada interest, the Sleeper Gold Project, is located in Humboldt County, Nevada. The Company’s other projects include Mill Creek property and Spring Valley Property. The Firm has no ongoing mining operations. It has interests in mineral concessions and mining claims. The Firm has not earned any revenue from its operations. The Company’s subsidiaries, New Sleeper Gold LLC and Sleeper Mining Company, LLC, operate its mining interests in Nevada. The Company’s subsidiary, Calico Resources Corp., operates Grassy Mountain Gold Project.

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