Paramount Resources Ltd. Class A Common Shares (POU:CA) Declines 6.85% for October 08

Equities Staff  |

It was a tough day for Paramount Resources Ltd. Class A Common Shares (POU:CA) as its stock fell 6.85% to finish the day at $5.17 a share on October 08. That reduces the company’s market cap to 675.54 million on 130.88 million outstanding shares. Paramount Resources Ltd. Class A Common Shares is a component of the the S&P/TSX SmallCap Index.

508,596 shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta, British Columbia, Saskatchewan, and the Northwest Territories of Canada. Corporate operating units in west central Alberta comprise the majority of sales volumes. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.. Paramount Resources Ltd. Class A Common Shares makes its home in Calgary, AB, and currently has CEO James Riddell at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $14.52 and a low of $5.26, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.33.

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Paramount Resources Ltd. Class A Common Shares ($POU:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

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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