Laramide Resources Ltd. (TSE:LAM – Get Free Report) rose 10.2% during mid-day trading on Tuesday. The company traded as high as C$0.54 and last traded at C$0.54. 484,126 shares traded hands during trading, an increase of 16% from the average session volume of 416,136 shares. The stock had previously closed at C$0.49.
Laramide Resources Trading Down 11.1%
The company has a current ratio of 0.68, a quick ratio of 0.91 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of C$0.60 and a 200-day moving average price of C$0.63. The company has a market capitalization of C$140.52 million, a price-to-earnings ratio of -12.00 and a beta of 0.94.
About Laramide Resources
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.
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