Paramount Resources (OTCMKTS:PRMRF) Shares Down 2.4%

Paramount Resources Ltd (OTCMKTS:PRMRF) shares were down 2.4% on Monday . The company traded as low as $5.59 and last traded at $5.59, approximately 575 shares traded hands during trading. A decline of 92% from the average daily volume of 7,076 shares. The stock had previously closed at $5.73.

Separately, Credit Suisse Group started coverage on shares of Paramount Resources in a research report on Monday, July 15th. They set an “underperform” rating on the stock. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has an average rating of “Hold”.

The stock has a 50-day moving average price of $5.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.51.

Paramount Resources (OTCMKTS:PRMRF) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.44) earnings per share for the quarter. The business had revenue of $185.07 million for the quarter. Paramount Resources had a negative return on equity of 7.68% and a negative net margin of 44.10%.

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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