Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stoc kholder Matters and Issuer Purchases of Equity Securities.
MARKET INFORMATION
Our common stock began trading on the NYSE American LLC under the symbol “PZG” on April 20, 2015. Prior to that time, there was no public market for our stock. The following table sets forth for the indicated periods the high and low intra-day sales prices per share for our common stock on the NYSE American LLC for the two most recent years.
High
Low
Year Ended June 30, 2024
First Quarter
$
0.35
$
0.27
Second Quarter
$
0.42
$
0.27
Third Quarter
$
0.42
$
0.30
Fourth Quarter
$
0.69
$
0.40
Year Ended June 30, 2023
First Quarter
$
0.49
$
0.28
Second Quarter
$
0.42
$
0.29
Third Quarter
$
0.43
$
0.29
Fourth Quarter
$
0.42
$
0.24
HOLDERS
As of September 14, 2024, there were 109 registered shareholders of our common stock.
DIVIDENDS
We currently do not anticipate paying cash dividends for the foreseeable future.
RECENT SALE OF UNREGISTERED SECURITIES AND USE OF PROCEEDS
During the year-ended June 30, 2024, we issued 1,111,571 shares of common stock for payment of interest accrued and owing on our outstanding 2019 Convertible Notes and 2,031,232 shares of common stock for payment of interest accrued and owing on our outstanding Secured Royalty Convertible Debenture. In issuing the foregoing securities, we relied on the exemptive provisions of Section 4(a)(2) of the Securities Act and Rule 506 thereunder.
EQUITY COMPENSATION PLAN
Set out below is information as of June 30, 2024 with respect to compensation plans (including individual compensation arrangements) under which our equity securities are authorized for issuance under our Equity Incentive Plan.
Equity Compensation Plan Information
Plan Category
Number of
securities to be
issued upon
exercise of
outstanding
options and RSUs
Weighted-
average exercise
price per share of
outstanding
options and RSUs
Number of
securities
remaining
available for
future issuance
under equity
compensation
plans
Equity compensation plans approved by
security holders
3,130,000
$
1.05
1,094,000
Equity compensation plans not approved by
security holders
—
$
—
—
TOTAL
3,130,000
1,094,000
As of June 30, 2024, 1,725,000 restricted share units ("RSUs") were outstanding and 1,405,000 stock options were outstanding under our Equity Incentive Plans to acquire 3,130,000 Common Shares.
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Item 6. [ Reserved].