Paramount Gold and Silver Corp. (AMEX: PZG) Climbs New 52 Week Highs
Paramount Gold and Silver Corp. (AMEX:PZG) rallied around 7.52% in its last trading session and jumped to its new 52 week high of $4.29. It opened at $4.07, traded in the range of $3.98-$4.29 and then closed at $3.99, showing no change from its previous close.
Shares of an exploration-stage mining company jumped 21.65% or 71 cents in its last 5 day trading sessions from Dec 28 to Jan 03 after MicroStockProfit.com which is a small-cap research and investment commentary provider announces an investment report which includes financial, comparative and investment analyses, and industry information featuring Paramount Gold and Silver Corp.
On Friday, the precious metal shares were up by about 1.6%, following which shares of PZG went up by about 8.13% and closed at $3.99, gaining 30 cents from its previous close of $3.69.
Last month, The Company discovered the high grade southeast strike extension of the main Palmarejo structural corridor that hosts Coeur d`Alene Mines, which extends into Paramounts property. On Paramounts ground, the structure is partly obscured by younger volcanic rocks, but new drilling has intersected the target below this cover. It is expected to produce some 6.1 million ounces of silver and 109,000 ounces of gold this year.
The stock has 52 week trading range of $1.15-$4.29. It traded with volume of 4.24 million shares, above the daily average volume of 2.26 million shares. Currently, the market capital of the stock stands at $52.99 million with corresponding beta of 1.37.
Paramount Gold and Silver Corp. (Paramount) is an exploration-stage mining company. Through its wholly owned Mexican subsidiary, Paramount Gold de Mexico S.A. de C.V., the Company owns a 100% interest in the San Miguel property. The San Miguel Project is located in southwestern Chihuahua in Northern Mexico. The project is about 20 kilometers north of the town of Temoris, adjacent to the village of Guazapares.
