Laramide Resources Ltd. (TSE:LAM – Get Free Report) shares traded up 12.2% on Tuesday. The stock traded as high as C$0.48 and last traded at C$0.48. Approximately 423,430 shares changed hands during trading, a decline of 1% from the average daily volume of 425,725 shares. The stock had previously closed at C$0.43.
Laramide Resources Stock Performance
The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.91 and a current ratio of 0.68. The company’s 50 day simple moving average is C$0.57 and its 200 day simple moving average is C$0.66. The stock has a market cap 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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