Q2 EPS Estimates for Parallel Mining Lowered by Analyst

Parallel Mining Corp. (CVE:PAL) – Research analysts at Clarus Securities lowered their Q2 2027 earnings estimates for Parallel Mining in a report released on Tuesday, September 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. Clarus Securities also issued estimates for Parallel Mining’s Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.10 EPS and FY2027 earnings at $0.26 EPS.

Parallel Mining Stock Up 7.1%

PAL stock opened at C$0.15 on Wednesday. Parallel Mining has a one year low of C$0.10 and a one year high of C$0.30. The company has a debt-to-equity ratio of 78.11, a quick ratio of 0.48 and a current ratio of 0.81. The firm’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.15. The firm has a market cap of C$3.02 million and a PE ratio of -1.53.

Parallel Mining Company Profile

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.