Shares of Paramount Resources Ltd (OTCMKTS:PRMRF) hit a new 52-week low during trading on Thursday . The stock traded as low as $4.20 and last traded at $4.20, with a volume of 2000 shares changing hands. The stock had previously closed at $4.29.

Separately, Credit Suisse Group started coverage on shares of Paramount Resources in a research report on Monday, July 15th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold”.

The company’s 50-day moving average is $5.18 and its two-hundred day moving average is $5.80. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

About Paramount Resources (OTCMKTS:PRMRF)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.

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