Paramount Resources (OTCMKTS:PRMRF) Sets New 52-Week Low at $4.10

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Paramount Resources Ltd (OTCMKTS:PRMRF) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.10 and last traded at $4.10, with a volume of 1700 shares trading hands. The stock had previously closed at $4.26.

Separately, Credit Suisse Group started coverage on Paramount Resources in a research note on Monday, July 15th. They issued an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Paramount Resources currently has an average rating of “Hold”.

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $4.99 and a 200-day moving average price of $5.71.

About Paramount Resources (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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