Labrador Resources Inc. (CVE:LTX – Get Free Report) was up 7.9% during trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 30,500 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 13,069 shares. The stock had previously closed at C$0.19.
Labrador Resources Trading Up 7.9%
The company has a 50 day moving average of C$0.17 and a 200 day moving average of C$0.09. The company has a debt-to-equity ratio of 1,634.46, a quick ratio of 0.03 and a current ratio of 8.75. The stock has a market capitalization of C$2.53 million, a price-to-earnings ratio of -8.16 and a beta of 3.13.
About Labrador Resources
Labrador Resources Inc operates as an oil and gas exploration company. It focuses on an oil and gas property located in Alberta. The company was formerly known as Labrador Technologies Inc and changed its name to Labrador Resources Inc in February 2023. The company was founded in 1981 and is based in Calgary, Canada.
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