Laramide Resources (TSE:LAM) Hits New 52-Week Low – Time to Sell?

Shares of Laramide Resources Ltd. (TSE:LAM – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.42 and last traded at C$0.43, with a volume of 45,533 shares. The stock had previously closed at C$0.42.

Laramide Resources Stock Performance

The firm has a market cap of C$127.35 million, a PE ratio of -10.88 and a beta of 0.94. The stock has a 50-day moving average price of C$0.55 and a 200 day moving average price of C$0.65. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.91.

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.

Recommended Stories

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.