FY2026 EPS Forecast for Parallel Mining Lowered by Analyst

Parallel Mining Corp. (CVE:PAL) – Clarus Securities cut their FY2026 earnings per share estimates for Parallel Mining in a report issued on Tuesday, May 26th. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.00 per share for the year, down from their previous forecast of $0.05. Clarus Securities currently has a “Strong-Buy” rating on the stock.

Parallel Mining Trading Up 7.1%

CVE:PAL opened at C$0.15 on Wednesday. The company has a market cap of C$3.02 million and a P/E ratio of -1.53. The stock’s fifty day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. Parallel Mining has a 1 year low of C$0.10 and a 1 year high of C$0.30. The company has a debt-to-equity ratio of 78.11, a current ratio of 0.81 and a quick ratio of 0.48.

About Parallel Mining

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.