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

Shares of NASDAQ PNRL opened at $1.96 on Tuesday. The firm’s 50-day moving average price is $3.08 and its two-hundred day moving average price is $4.48. PARINGA RESOURC/S has a 52-week low of $1.94 and a 52-week high of $10.38.

About PARINGA RESOURC/S

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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