Paramount Resources Ltd (OTCMKTS:PRMRF) shares shot up 0.1% during trading on Wednesday . The stock traded as high as $5.19 and last traded at $5.19, 1,191 shares were traded during trading. A decline of 21% from the average session volume of 1,501 shares. The stock had previously closed at $5.18.
Separately, Credit Suisse Group began coverage on Paramount Resources in a research report on Monday, July 15th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company has a consensus rating of “Hold”.
The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50-day simple moving average of $4.79 and a 200 day simple moving average of $5.47.
Paramount Resources Company Profile (OTCMKTS:PRMRF)
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.
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