PARINGA RESOURC/S (NASDAQ:PNRL) Raised to “Hold” at Zacks Investment Research

PARINGA RESOURC/S (NASDAQ:PNRL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, reports.

According to Zacks, “Paringa Resources Limited is a mineral exploration company. It is engaged in the exploration and development of resource projects. The Company’s principal project consists of Buck Creek coal mining complex. Paringa Resources Limited is based in Rumsey, Kentucky. “

Separately, HC Wainwright reissued a “buy” rating and set a $13.00 price objective on shares of PARINGA RESOURC/S in a report on Tuesday, July 23rd.

Shares of NASDAQ PNRL remained flat at $$2.80 during mid-day trading on Thursday. The company had a trading volume of 159 shares, compared to its average volume of 2,645. PARINGA RESOURC/S has a 12 month low of $2.80 and a 12 month high of $10.38. The business’s fifty day simple moving average is $3.47.


Paringa Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in the United States. The company holds an interest in the Buck Creek Mine Complex located in the Illinois coal basin. As of June 30, 2018, it owned 40,751 gross acres of coal leases in Kentucky, the United States.

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