Hello...
I can appreciate that you have not been able to find much information on the Web about your pistol.
My "Pistols of the World" 3rd Edition, Hogg & Weeks, has this to say about Paramount pistols:
"This name has enjoyed popularity in Spain, as several different 6.35mm and 7.65mm Eibar-type blowback automatics were made in 1920-35. The 6.35mm patterns were made by Apaolozo Hermanos and Beistegui Hermanos, both of Eibar; 7.65mm examples by Retolaza Hermanos; and in addition at least two distinct 6.35mm models by unknown makers. None had noticeable features".
In short, you have a Spanish made Eibar-pattern automatic of the interwar period. Value would tend to be low. If you desire to fire it, I would either take it to a competent gunsmith to check it out for safety, and/or anchor it to a firm rest and fire it several times with a long string attached, keeping well clear of the action. If you fire it without taking it to a gunsmith, you assume the risk should the parts be worn or the pistol of questionable quality. Spanish arms have been more maligned than they deserve. But I would exercise caution if I were you.
Cheers,
Gary
