Sprott Inc. Raises Holdings in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG)

Sprott Inc. boosted its stake in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 58.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,751,883 shares of the basic materials company’s stock after purchasing an additional 648,464 shares during the period. Sprott Inc.’s holdings in Paramount Gold Nevada were worth $599,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC boosted its stake in shares of Paramount Gold Nevada by 57.5% during the third quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 197,113 shares during the period. 4.51% of the stock is owned by institutional investors.

Paramount Gold Nevada Stock Down 2.0 %

Shares of NYSEAMERICAN PZG opened at $0.35 on Wednesday. Paramount Gold Nevada Corp. has a 52 week low of $0.30 and a 52 week high of $0.69. The company has a current ratio of 8.94, a quick ratio of 8.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $23.46 million, a P/E ratio of -2.89 and a beta of 1.92.

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.