Paladin Energy (OTCMKTS:PALAF) Stock Price Up 6.8% – Time to Buy?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) traded up 6.8% during mid-day trading on Wednesday . The stock traded as high as $9.20 and last traded at $8.90. 3,030 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 102,102 shares. The stock had previously closed at $8.33.

Analysts Set New Price Targets

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

Paladin Energy Stock Down 1.8%

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 has a market cap of $3.89 billion, a PE ratio of -78.64 and a beta of 1.30. The company’s fifty day moving average is $8.45 and its 200-day moving average is $6.54.

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.