This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks Insiders Love Right Now

Paramount Gold and Silver

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Insiders are also doing some big buying in Paramount Gold and Silver (PZG), an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico. Insiders are buying into some notable strength here since the stock is up 15.9% so far in 2012.

Paramount Gold and Silver has a market cap of $338 million and an enterprise value of $322 million. This stock trades at a premium valuation, with a price-to-book of 6.41. Its estimated growth rate for this year is 81%. This is a cash-rich company, since the total cash position on its balance sheet is $7.4 million and its total debt is zero.

A beneficial owner just bought 1.17 million, or $2.4 million worth of stock, at $2.05 per share. The CEO also just bought 50,000 shares, or $111,500 worth of stock, at $2.22 per share.

>>5 Rocket Stocks Worth Buying in April

From a technical perspective, PZG is currently trading right above its 50-day moving average and right below its 200-day moving average, which is neutral trendwise. This stock has been trading range bound for the past few months, between $2 to $2.15 on the downside and $2.60 to $2.79 on the upside. This stock is quickly moving within range of challenging the upper end of its recent range.

If you're bullish on PZG, then I would look for long-biased trades once this stock breaks back above its 200-day moving average of $2.59 a share with high volume. Look for volume on that move that's near or well above its three-month average action of about 1 million shares. It's worth mention that the last two trading sessions (both up days) have produced volume of 3.9 million and 1.98 million shares traded.

If we get that move soon, then look to add to any long positions once PZG takes out some near-term overhead resistance at $2.79 to $2.83 with volume. Target a run back towards $3.06 to $3.23 a share, or possibly higher if the strong volume continues to show up and if PZG can sustain a trend above its 200-day.

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs