(PZG) Paramount Gold Nevada - Ratings and Ratios

Paramount Gold Nevada Corp is a US-based precious metals exploration and development company with a primary focus on gold and silver deposits. The companys flagship asset is the Grassy Mountain project, a 100% owned property in Malheur County, Oregon, comprising approximately 8,280 acres of patented and unpatented lode claims and mill site claims. With a history dating back to 1992, the company is headquartered in Winnemucca, Nevada, and is listed on the NYSE MKT under the ticker symbol PZG.

From a technical analysis perspective, PZGs stock price has shown signs of stability, with a current price of $0.51 and a 20-day simple moving average (SMA) of $0.46, indicating a potential upward trend. The stocks 52-week high and low are $0.52 and $0.32, respectively, suggesting a relatively contained trading range. The average true range (ATR) of $0.03, representing 5.94% of the current price, indicates moderate volatility.

Fundamentally, Paramount Gold Nevada Corp has a market capitalization of $34.30M USD and a negative return on equity (RoE) of -9.89%, indicating that the company is currently unprofitable. The absence of a price-to-earnings (P/E) ratio, both current and forward, further supports this assessment.

Based on the available technical and fundamental data, a forecast for PZG can be constructed. Given the companys current exploration and development stage, the stocks price movement is likely to be influenced by progress on the Grassy Mountain project. If the company can demonstrate significant advancements or discoveries, the stock price may be expected to rise, potentially breaking through the 52-week high of $0.52. Conversely, failure to achieve key milestones or a decline in gold and silver prices could lead to a decline in the stock price. With the current SMA20 and SMA50 trending upwards, a potential target price could be $0.60 in the short term, representing a 17.6% increase from the current price. However, this is contingent upon the companys ability to address its profitability concerns and make meaningful progress on its flagship project.