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

Paladin Energy Ltd. (OTCMKTS:PALAF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.03, but opened at $9.50. Paladin Energy shares last traded at $9.11, with a volume of 7,911 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Paladin Energy in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price target for the company. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.05.

Paladin Energy Stock Performance

The firm has a market capitalization of $4.38 billion, a P/E ratio of -81.25 and a beta of 1.34. The company has a 50-day moving average of $6.65 and a 200-day moving average of $5.64. The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22.

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

About Paladin Energy

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.