Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – What’s Next?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) gapped up before the market opened on Monday . The stock had previously closed at $4.70, but opened at $4.89. Paladin Energy shares last traded at $4.80, with a volume of 2,419 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on PALAF. Royal Bank Of Canada raised Paladin Energy to a “hold” rating in a research note on Monday, April 14th. Jefferies Financial Group cut Paladin Energy to a “hold” rating in a research note on Wednesday, March 26th.

Paladin Energy Stock Performance

The company has a quick ratio of 2.23, a current ratio of 3.74 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.30.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.