Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – Should You Sell?

Paladin Energy Ltd. (OTCMKTS:PALAF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.80, but opened at $9.12. Paladin Energy shares last traded at $9.45, with a volume of 12,091 shares changing hands.

Analysts Set New Price Targets

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

Paladin Energy Stock Up 1.6%

The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average price is $7.96 and its 200-day moving average price is $6.22. The stock has a market capitalization of $4.42 billion, a PE ratio of -89.45 and a beta of 1.36.

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.