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Paramount Resources inches higher, resistance at 12-day EMA Wednesday August 28, 2019 17:00 EDT

Aug 28, 2019 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Paramount Resources Ltd. (TSX:POU), Canada's 14th largest Oil & gas - exploration & production company by market cap, has climbed 5.6% but fell short of the 12-day Exponential Moving Average [EMA] of CAD5.83. Compared with the S&P/TSX 60 Index which rose 4.8 points (0.5%) in the day, the relative price increase was 5.1%. There were 373,194 shares worth CAD2.1 million (US$1.6 million) traded today. The volume was 0.9 times the average daily trading volume of 416,...