Clarus Securities Comments on Parallel Mining Q3 Earnings

Parallel Mining Corp. (CVE:PAL) – Equities researchers at Clarus Securities dropped their Q3 2026 earnings per share (EPS) estimates for Parallel Mining in a research report issued to clients and investors on Tuesday, September 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.01). Clarus Securities also issued estimates for Parallel Mining’s FY2026 earnings at ($0.24) EPS.

Parallel Mining Stock Performance

PAL stock opened at C$0.15 on Thursday. Parallel Mining has a 52 week low of C$0.10 and a 52 week high of C$0.30. The company has a debt-to-equity ratio of 78.11, a quick ratio of 0.48 and a current ratio of 0.81. The stock has a market cap of C$3.02 million and a P/E ratio of -1.53. The firm has a 50 day simple moving average of C$0.15 and a 200 day simple moving average of C$0.15.

Parallel Mining Company Profile

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.