Paladin Energy (OTCMKTS:PALAF) Hits New 12-Month High – Here’s What Happened

Paladin Energy Ltd. (OTCMKTS:PALAF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.77 and last traded at $6.4220, with a volume of 88355 shares traded. The stock had previously closed at $6.49.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Paladin Energy in a report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price objective on the stock. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Paladin Energy currently has a consensus rating of “Hold” and an average target price of $9.05.

Paladin Energy Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53. The stock has a 50 day simple moving average of $5.52 and a two-hundred day simple moving average of $5.12. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -53.58 and a beta of 1.53.

Paladin Energy (OTCMKTS:PALAF) last issued its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.97 million during the quarter, compared to analyst estimates of $35.98 million. On average, equities research analysts predict that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

Paladin Energy Company Profile

Paladin Energy Ltd is an Australia‐based company engaged in the exploration, development and production of uranium concentrate for the global nuclear power industry. Primarily known for mining uranium oxide (U3O8), Paladin supplies a key fuel source used by utilities to generate low-carbon electricity. The company’s securities are traded on the OTC Markets under the ticker PALAF, alongside listings on the Australian Securities Exchange and the Toronto Stock Exchange.

Paladin’s flagship operation is the Langer Heinrich mine in Namibia, which recommenced production in 2021 following a period of care and maintenance.