Paringa Resources (PNGZF) Cut to Sell at ValuEngine

ValuEngine cut shares of Paringa Resources (OTCMKTS:PNGZF) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other equities analysts also recently issued reports about the company. Roth Capital reiterated a buy rating on shares of Paringa Resources in a research report on Monday, December 4th. HC Wainwright reiterated a buy rating on shares of Paringa Resources in a research report on Thursday, December 7th. Finally, Zacks Investment Research downgraded Paringa Resources from a hold rating to a sell rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold.

Paringa Resources (PNGZF) opened at $0.44 on Friday. Paringa Resources has a 1 year low of $0.26 and a 1 year high of $0.50.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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