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flag Paramount Resources shares rose above their 200-day average, closing at C$24.54 on Thursday.

flag Paramount Resources (TSE:POU) shares rose above their 200-day moving average, peaking at C$25.20 and closing at C$24.54 on Thursday, with 371,639 shares traded. flag The Canadian oil and gas explorer reported a quarterly loss of C$0.02 per share on C$187.30 million in revenue, a net margin of 18.92%, and a return on equity of 10.06%. flag The company has a market cap of C$3.52 billion, a P/E ratio of 2.61, and pays a monthly dividend yielding 2.4%. flag Analysts rate the stock as a “Hold” with a target price of C$27.21 and forecast full-year earnings of C$1.41 per share.

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