Paramount Resources Ltd. Declares Dividend Increase

Paramount Resources Ltd. (OTCMKTS:PRMRF) has announced an increase in its dividend on March 15th. Shareholders who are on record as of March 18th will receive a dividend payment of $0.0345 per share on March 31st. This marks a dividend yield of 3.61%. Please note that the ex-dividend date is March 17th. The new dividend reflects a 0.5% increase from the company's prior dividend of $0.03.

Paramount Resources Stock Performance

The stock opened at $11.46 on the previous Friday. Paramount Resources has a market capitalization of $1.69 billion, a price-to-earnings ratio of 6.44, and a beta of 2.46. Over the last year, the stock has fluctuated between a low of $9.89 and a high of $24.84. The current ratio and quick ratio stand at 0.62 each, while the debt-to-equity ratio is notably low at 0.01. The fifty-day moving average price of the stock is $17.64, and the two-hundred-day moving average is $19.44.

Analyst Recommendations

About Paramount Resources Ltd.

Paramount Resources Ltd. is involved in the exploration and development of both conventional and unconventional petroleum and natural gas resources across Canada. Their assets include the Karr and Wapiti Montney properties, spanning 109,000 net acres near Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas production assets covering 124,000 net acres in west-central Alberta; and the Willesden Green Duvernay development along with shale gas properties in the Horn River Basin in British Columbia, totaling 249,000 net acres.

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