Parallel Mining (PAL) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$0.13 to C$0.15
• 50-Day Range: C$0.15 to C$0.15
• 52-Week Range: C$0.10 to C$0.30
• Volume: 180,200 shs
• Average Volume: 41,250 shs
• Market Capitalization: C$3.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

PAL Stock Analysis - Frequently Asked Questions

How have PAL shares performed this year?

Parallel Mining's stock was trading at C$0.15 on January 1st, 2025. Since then, PAL shares have increased by 0.0% and is now trading at C$0.15.
View the best growth stocks for 2025 here.

How do I buy shares of Parallel Mining?

Shares of PAL stock 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.

What other stocks do shareholders of Parallel Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Parallel Mining investors own include TD Ameritrade (AMTD), Ecobalt Solutions (ECS), Nordic American Tankers (NAT), Stryker (SYK), Clinigen Group (CLIN), China Green Agriculture (CGA) and BOX (BOX).

Industry, Sector and Symbol

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

Profitability

• EPS (Most Recent Fiscal Year): 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: 78.11
• Current Ratio: 0.81
• Quick Ratio: 0.48

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.03 per share
• Price / Cash Flow: 4.41
• Book Value: C($0.01) per share
• Price / Book: -18.75

Miscellaneous

• Outstanding Shares: 20,158,000
• Free Float: N/A
• Market Cap: C$3.02 million
• Optionable: Not Optionable
• Beta: N/A