Paramount Resources Ltd (OTCMKTS:PRMRF) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.88 and traded as low as $4.75. Paramount Resources shares last traded at $4.75, with a volume of 9,100 shares changing hands.
Separately, BMO Capital Markets restated a “hold” rating on shares of Paramount Resources in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Paramount Resources has a consensus rating of “Hold”.
The company has a debt-to-equity ratio of 0.38, a current ratio of 0.51 and a quick ratio of 0.51.
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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