Para Resources (CVE:PBR) Shares Down 3.1%

Para Resources Inc (CVE:PBR) shares dropped 3.1% during trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 8,000 shares traded hands during trading, a decline of 84% from the average daily volume of 50,876 shares. The stock had previously closed at C$0.16.

The stock has a fifty day simple moving average of C$0.15. The stock has a market cap of $27.13 million and a P/E ratio of -3.06. The company has a quick ratio of 0.16, a current ratio of 0.35 and a debt-to-equity ratio of 44.72.

About Para Resources (CVE:PBR)

Para Resources Inc, a natural resource company, engages in acquiring, exploring, developing, and mining properties in North and South America. The company owns approximately 80% interest in the El Limon project, a gold mine located near the town of Zaragoza, Colombia; and a 100% interest in the Tucumã copper/gold exploration project, which consists of six mineral concessions covering a total of 11,456 hectares located in the Carajas metallogenic province in the State of Pará, Brazil.

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