Parallel Mining Corp. (CVE:PAL – Free Report) – Stock analysts at Clarus Securities lowered their Q3 2026 earnings per share (EPS) estimates for shares of Parallel Mining in a research note issued to investors on Tuesday, September 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their previous estimate of ($0.01). Clarus Securities also issued estimates for Parallel Mining’s FY2026 earnings at ($0.24) EPS.
Parallel Mining Price Performance
CVE:PAL opened at C$0.15 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.81 and a debt-to-equity ratio of 78.11. The business’s 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.15. Parallel Mining has a 52-week low of C$0.10 and a 52-week high of C$0.30. The firm has a market cap of C$3.02 million and a P/E ratio of -1.53.
Parallel Mining Company Profile
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.
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