Laramide Resources (TSE:LAM) Trading Down 9.2% – Time to Sell?

Shares of Laramide Resources Ltd. (TSE:LAMGet Free Report) traded down 9.2% on Friday . The company traded as low as C$0.69 and last traded at C$0.69. Approximately 173,727 shares were traded during trading, a decline of 57% from the average session volume of 403,837 shares. The stock had previously closed at C$0.76.

Laramide Resources Trading Down 9.2%

The business has a 50 day moving average of C$0.57 and a two-hundred day moving average of C$0.68. The firm has a market cap of C$202.00 million, a P/E ratio of -17.25 and a beta of -0.13. The company has a current ratio of 0.68, a quick ratio of 0.91 and a debt-to-equity ratio of 1.35.

About Laramide Resources

(Get Free Report)

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company’s portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

Further Reading

Receive News & Ratings for Laramide Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laramide Resources and related companies with MarketBeat.com's FREE daily email newsletter.