Paladin Energy (OTCMKTS:PALAF) Trading Down 4.4% – Here’s Why

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) traded down 4.4% during mid-day trading on Friday . The company traded as low as $7.51 and last traded at $7.8971. 40,782 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 133,015 shares. The stock had previously closed at $8.26.

Analysts Set New Price Targets

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

Paladin Energy Stock Performance

The company has a market capitalization of $3.63 billion, a P/E ratio of -67.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53. The business’s fifty day simple moving average is $7.09 and its 200-day simple moving average is $5.80.

Paladin Energy (OTCMKTS:PALAF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $35.97 million during the quarter, compared to analysts’ expectations of $35.98 million. As a group, equities analysts anticipate 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.