Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Here’s What Happened

Paladin Energy Ltd. (OTCMKTS:PALAF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $5.66, but opened at $6.00. Paladin Energy shares last traded at $5.65, with a volume of 13,885 shares trading hands.

Paladin Energy Price Performance

The firm’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $4.30. The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings results on Wednesday, August 27th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $39.44 million for the quarter. As a group, equities analysts forecast that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

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.