Paramount Resources Ltd. Class A Common Shares (POU:CA) Rises 6.07% for September 13

Equities Staff |

September 13 was a positive day for Paramount Resources Ltd. Class A Common Shares (POU:CA) as its stock finished the day having gained 6.07% to hit a price of $23.07 a share. The company reached a market cap of 2.45 billion and has 106.21 million shares outstanding. Paramount Resources Ltd. Class A Common Shares is a component of the the S&P/TSX SmallCap Index.

738,445 shares changed hands over the course of the day as compared to an average volume of 430,553 over the last 30 days for Paramount Resources Ltd. Class A Common Shares.

Paramount Resources Ltd is an energy company. It explores for, develops, processes, transports and markets petroleum and natural gas.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO James Riddell.

Paramount Resources Ltd. Class A Common Shares has hit a high of $22.41 and reached a low of $13.43 over its last year of trading. The stock’s 50-day SMA is now $20.15 and 200-day SMA is $18.51. As for its price valuations, the P/E ratio is at 1.8 and P/B is now 1.44.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Paramount Resources Ltd. Class A Common Shares and to follow the company’s latest updates, you can visit the company’s profile page here: POU:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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