Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Paramount Gold Nevada Corp’s current trading price is -48.33% away from its 52-week high, while its distance from the 52-week low is 14.26%. The stock’s price range during this period has varied between $0.31 and $0.69. The company, active in the Basic Materials sector, saw a trading volume of around 0.5 million for the day, considerably higher average daily volume of 0.19 million observed over the last three months.
Paramount Gold Nevada Corp’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $0.69 on 05/16/24, and the lowest price during that time was $0.31, recorded on 12/30/24.
How Financial Performance Impacts Market Capitalization
Paramount Gold Nevada Corp (PZG) has experienced a quarterly decline of -5.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.10M and boasts a workforce of 6 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3685, with a change in price of -0.0855. Similarly, Paramount Gold Nevada Corp recorded 181,391 in trading volume during the last 100 days, posting a change of -19.34%.
How PZG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PZG stands at 0.32. Similarly, the long-term debt-to-equity ratio is also 0.32.
PZG Stock Stochastic Average
As of today, the raw stochastic average of Paramount Gold Nevada Corp over the past 50 days is 33.89%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 16.96%. Additionally, the Stochastic %K and %D values for the company were 26.47% and 23.63%, respectively, over the past 20 days.
PZG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 4.24%. However, over the past six months, we’ve seen a stronger performance of -14.51%. The price of PZG leaped by -1.79% over the last 30 days. And in the last five days, it has fallen by -0.97%.
