(PZG) Paramount Gold Nevada - Ratings and Ratios

Paramount Gold Nevada Corp. (NYSE MKT:PZG) is a U.S.-based precious metals exploration and development company focused on advancing gold and silver projects in Nevada and Oregon. The companys core asset is the Grassy Mountain project, a 100% owned property spanning approximately 8,280 acres in Malheur County, Oregon. This project includes 3 patented lode claims, 455 unpatented lode claims, and 9 mill site claims, positioning it as a significant development-stage asset in the region. Paramount Gold Nevada Corp. was established in 1992 and maintains its headquarters in Winnemucca, Nevada, a key location for mining operations in the state.

The companys strategy revolves around exploring and developing high-grade gold and silver deposits in politically stable jurisdictions. While Grassy Mountain is its flagship project, Paramount Gold Nevada Corp. also holds other exploration properties in Nevada, further diversifying its portfolio. The companys approach combines modern exploration techniques with a focus on resource definition and project advancement toward potential production.

From a technical standpoint, PZG shares have shown limited price movement, with the SMA 20 and SMA 50 both at 0.36, slightly below the last price of 0.37. The ATR of 0.03 indicates low volatility, suggesting a narrow trading range in recent sessions. On the fundamental side, the companys market cap of $25.02M reflects its current size and stage of development. The P/B ratio of 0.71 indicates that the stock is trading below its book value, while the negative RoE of -22.54 highlights ongoing challenges in generating profitability.

Looking ahead, over the next three months, PZG is likely to trade within a tight range near its current levels, supported by the SMA 20 and SMA 50 at 0.36. However, with an ATR of 0.03, price fluctuations are expected to remain minimal. The companys small market cap and negative earnings could pose risks, but any positive developments at Grassy Mountain or its Nevada properties may act as catalysts for upside movement.