CVE:PAL

Parallel Mining Stock Forecast, Price & News

C$0.15

+0.01 (+7.14 %)

(As of 09/28/2020)

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Today's Range

C$0.13

▼

C$0.15

50-Day Range

C$0.15

▼

C$0.15

52-Week Range

C$0.10

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C$0.30

Volume180,200 shs

Average Volume41,250 shs

Market CapitalizationC$3.02 million

P/E RatioN/A

Dividend YieldN/A

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Parallel Mining

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.

Headlines

No headlines for this company have been tracked by MarketBeat.com

Industry, Sector and Symbol

Stock Exchange: CVE
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: CVE:PAL
Previous Symbol
CUSIP: N/A
CIK: N/A
Web: parallelmining.com
Phone: 604-682-2928
Employees: N/A
Year Founded: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: C$0.01 per share
Price / Cash Flow: 12.50
Book Value: C$0.00 per share
Price / Book: 50.00

Profitability

EPS (Most Recent Fiscal Year): N/A
Net Income: N/A
Net Margins: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 78.11
Current Ratio: 1.27
Quick Ratio: 1.27

Price-To-Earnings

Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 20,158,000
Market Cap: C$3.02 million
Next Earnings Date: N/A
Optionable: Not Optionable

MarketRank^™

Overall MarketRank^™

0.99 out of 5 stars

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Parallel Mining.

4.9 Community Rank

Outperform Votes
Parallel Mining has received 17 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Parallel Mining has received 6 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Parallel Mining has received 73.91% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Parallel Mining and other stocks. Vote “Outperform” if you believe PAL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PAL will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Parallel Mining does not currently pay a dividend.
Dividend Growth
Parallel Mining does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parallel Mining insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Parallel Mining is -4.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parallel Mining is -4.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Parallel Mining has a P/B Ratio of 50.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Parallel Mining (CVE:PAL) Frequently Asked Questions

What stocks does MarketBeat like better than Parallel Mining?: Wall Street analysts have given Parallel Mining a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parallel Mining wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.
How has Parallel Mining's stock price been impacted by Coronavirus?: Parallel Mining's stock was trading at C$0.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PAL shares have increased by 30.4% and is now trading at C$0.15.
View which stocks have been most impacted by COVID-19.
Who are Parallel Mining's key executives?: Parallel Mining's management team includes the following people:
Mr. John David Anderson, Pres, CEO & Director (Age 57, Pay $45.5k)
Mr. Rakesh I. Patel CPA, C.A., Chief Financial Officer
Mr. Robert Alan Sibthorpe M.B.A., VP of Exploration (Age 71)
Mr. Ian Cooper B.Sc., Director & Technical Lead
Ms. Jan Urata, Sec. (Age 57)
Who are some of Parallel Mining's key competitors?: Some companies that are related to Parallel Mining include Sulliden Mining Capital (SMC), Vanadium One Iron (VONE), Oceanic Iron Ore (FEO), Riverside Resources (RRI), Pelangio Exploration (PX), Honey Badger Silver (TUF), Orsu Metals (OSU), Highway 50 Gold (HWY), Sego Resources (SGZ), Portofino Resources (POR), Central African Gold Inc. (BANC.V) (BANC), Great Thunder Gold (GTG), Bluebird Merchant Ventures (BMV), AUX Resources (AUX) and Medallion Resources (MDL).
View all of PAL's competitors.
What other stocks do shareholders of Parallel Mining own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Parallel Mining investors own include TD Ameritrade (AMTD), Ecobalt Solutions (ECS), Nordic American Tankers (NAT), Stryker (SYK), Clinigen Group (CLIN), China Green Agriculture (CGA), BOX (BOX), American Axle & Manufacturing (AXL), Armstrong World Industries (AWI) and Aroundtown (AT1).
What is Parallel Mining's stock symbol?: Parallel Mining trades on the Canadian Venture Exchange (CVE) under the ticker symbol "PAL."
How do I buy shares of Parallel Mining?: Shares of PAL and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Parallel Mining's stock price today?: One share of PAL stock can currently be purchased for approximately C$0.15.
How much money does Parallel Mining make?: Parallel Mining has a market capitalization of C$3.02 million.
What is Parallel Mining's official website?: The official website for Parallel Mining is parallelmining.com.
How can I contact Parallel Mining?: The company can be reached via phone at 604-682-2928.

This page was last updated on 10/24/2021 by MarketBeat.com Staff

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Financial Terms

Parallel Mining Stock Forecast, Price & News

About Parallel Mining

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

Consensus Rating

4.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

0.0 Dividend Strength

Dividend Yield

Dividend Growth

0.0 Company Ownership

Insider Buying vs. Insider Selling

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Book Value per Share Ratio

Parallel Mining (CVE:PAL) Frequently Asked Questions

What stocks does MarketBeat like better than Parallel Mining?

How has Parallel Mining's stock price been impacted by Coronavirus?

Who are Parallel Mining's key executives?

Who are some of Parallel Mining's key competitors?

What other stocks do shareholders of Parallel Mining own?

What is Parallel Mining's stock symbol?

How do I buy shares of Parallel Mining?

What is Parallel Mining's stock price today?

How much money does Parallel Mining make?

What is Parallel Mining's official website?

How can I contact Parallel Mining?

30 Days of MarketBeat All Access for $1.00

Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

MarketRank^™

Overall MarketRank^™