PARINGA RESOURC/S (NASDAQ:PNRL) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of PARINGA RESOURC/S (NASDAQ:PNRL) from a hold rating to a sell rating in a report published on Tuesday, 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 reiterated a buy rating and issued a $13.00 price target on shares of PARINGA RESOURC/S in a report on Tuesday, July 23rd.

Shares of NASDAQ PNRL opened at $1.96 on Tuesday. PARINGA RESOURC/S has a 12-month low of $1.94 and a 12-month high of $10.38. The stock has a fifty day moving average price of $3.08 and a 200 day moving average price of $4.48.

PARINGA RESOURC/S Company Profile

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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