Laramide Resources (TSE:LAM) Stock Price Up 14.8% – Here’s Why

Laramide Resources Ltd. (TSE:LAMGet Free Report) shares were up 14.8% during mid-day trading on Thursday . The company traded as high as C$0.71 and last traded at C$0.70. 676,913 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 434,427 shares. The stock had previously closed at C$0.61.

Laramide Resources Stock Performance

The firm has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.71. The company has a current ratio of 3.07, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98. The firm has a market cap of C$195.89 million, a PE ratio of -23.00 and a beta of -0.13.

Laramide Resources (TSE:LAMGet Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Laramide Resources Ltd. will post -0.03 earnings per share for the current fiscal year.

About Laramide Resources

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Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company’s portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

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