Zacks Investment Research upgraded shares of PARINGA RESOURC/S (NASDAQ:PNRL) from a sell rating to a hold rating in a report published on Thursday, Zacks.com reports.
According to Zacks, “Paringa Resources Limited is a mineral exploration company. It is engaged in the exploration and development of resource projects. The Company’s principal project consists of Buck Creek coal mining complex. Paringa Resources Limited is based in Rumsey, Kentucky. “
Separately, HC Wainwright restated a buy rating and issued a $13.00 price target on shares of PARINGA RESOURC/S in a research note on Tuesday, July 23rd.
PNRL remained flat at $$2.80 during trading on Thursday. The company had a trading volume of 159 shares, compared to its average volume of 2,653. The firm’s 50 day moving average price is $3.47. PARINGA RESOURC/S has a twelve month low of $2.80 and a twelve month high of $10.38.
About PARINGA RESOURC/S
Paringa Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in the United States. The company holds an interest in the Buck Creek Mine Complex located in the Illinois coal basin. As of June 30, 2018, it owned 40,751 gross acres of coal leases in Kentucky, the United States.
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