Paringa Resources (PNRLY) Stock Price, News & Analysis

Company Overview

Paringa Resources is an Australian energy company focused on the exploration and development of onshore oil and natural gas resources. Originally established to participate in the Victorian onshore gas industry, the company has since realigned its strategy toward the prolific Beetaloo Basin in the Northern Territory. Paringa holds significant interests in exploration and production leases and is engaged in both the appraisal and development phases of its projects.

The company’s core activities encompass seismic surveys, drilling and completing wells, reservoir evaluation and gas flow testing. Paringa’s flagship asset in the Beetaloo Basin is being advanced through a series of joint ventures and farm-in arrangements with industry partners. This collaborative approach allows Paringa to leverage technical expertise and shared capital to conduct hydraulic fracturing, well stimulation and flow-testing programs. The company aims to define recoverable gas resources that can support domestic supply and contribute to Australia’s broader energy needs.

Paringa Resources has evolved through several strategic milestones. After encountering regulatory headwinds in Victoria, the company redirected its resources to the Northern Territory, where onshore gas development has been encouraged by government policy. Over the past decade, Paringa has built a portfolio of permits and leases covering prospective sub-basins, and has undertaken multiple high-impact wells. The company maintains an active exploration pipeline, with future drilling campaigns designed to de-risk resource estimates and secure commercial development pathways.

Leading Paringa Resources is CEO David Casey, supported by a board with extensive experience in upstream oil and gas. The management team combines technical geoscience skills with project development and regulatory expertise. Headquartered in Melbourne, Paringa engages with traditional landowners, regulators and service providers to advance its operations within recognized environmental and safety standards.

Key Stats

• Today's Range: $0.02 to $0.02
• 50-Day Range: $0.02 to $0.02
• 52-Week Range: $0.01 to $0.18
• Volume: 3,300 shs
• Average Volume: 11,069 shs
• Market Capitalization: $184.60 thousand
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

PNRLY Stock Analysis - Frequently Asked Questions

How have PNRLY shares performed this year?

Paringa Resources' stock was trading at $0.02 at the beginning of 2025. Since then, PNRLY stock has increased by 0.0% and is now trading at $0.02.

How do I buy shares of Paringa Resources?

Shares of PNRLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Basic Materials
• Industry: Bituminous Coal & Lignite Mining
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:PNRLY
• CIK: N/A
• Web: www.paringaresources.com
• Phone: (812) 406-4400
• Fax: N/A
• Employees: 175
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 9,230,000
• Free Float: N/A
• Market Cap: $184.60 thousand
• Optionable: Not Optionable
• Beta: 0.49