Geode Capital Management LLC Buys 197,113 Shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG)

Geode Capital Management LLC increased its stake in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 57.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,967 shares of the basic materials company’s stock after acquiring an additional 197,113 shares during the period. Geode Capital Management LLC owned about 0.82% of Paramount Gold Nevada worth $218,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC increased its position in shares of Paramount Gold Nevada by 88.1% during the second quarter. Renaissance Technologies LLC now owns 670,904 shares of the basic materials company’s stock valued at $268,000 after buying an additional 314,304 shares during the period. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Trading Down 6.0 %

PZG opened at $0.35 on Tuesday. Paramount Gold Nevada Corp. has a 12-month low of $0.30 and a 12-month high of $0.69. The firm has a market capitalization of $23.36 million, a price-to-earnings ratio of -2.95 and a beta of 1.85. The company has a quick ratio of 10.50, a current ratio of 10.51 and a debt-to-equity ratio of 0.40.

Paramount Gold Nevada Profile

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.