Boston, MA 04/04/2013 (wallstreetpr) – Paramount Gold and Silver Corporation (NASDAQ:PZG) is an exploration stage company that specializes in exploration, acquisition, and development of gold, silver, and other precious metals in the United States and Mexico. Currently, the company owns 100% interest in San Miguel property in southwestern Chihuahua, Northern Mexico. The projects of Paramount Gold and Silver also includes Sleeper Gold situated in Humboldt County, the Reese River/Horse Mountain Window in Lander County, Mill Creek situated to the south of Battle Mountain, and Spring Valley situated in Spring Valley area of Pershing County, Nevada.
On Thursday, Paramount Gold and Silver was trading down by 0.51%, to trade at $1.96. This is 6% lower than that of its price of $2.09 on Tuesday. The company is currently enjoying a market capitalization of 290.75M, whereas the earnings per share continue to float on the negative territory at -0.08. The target selling price for the shares was 4.93; however, Paramount Gold and Silver disappointed the investors, with its stocks closing much low at only $1.97. The profit margin was -146.89%. However, according to stock market analysts, this is the best time to sell PZG stocks.
Comparing the stocks of Paramount Gold and Silver with the industry trend, it is found to fall at a faster pace than the market leaders. However, the current industry trend, as of Wednesday afternoon, showed a diminishing rate for the value of shares. At one point of time, PZG was among the top five commodity stocks that were making a great move in the market. Followed by it, the share prices of the company rose by 3.23% closing at $2.56 in October 2012, after it announced that it has received final results from a large scale metallurgical test program for its San Miguel project. However, by the end of the first quarter, the company has witnessed a sharp fall in its share prices, currently standing dirt cheap at $1.97 as of Wednesday’s stock market report.
Earlier in March 2013, the company expressed its delight for receiving extensive financial support from its largest shareholder, FCMI, to boost its projects in 2013.