Laramide Resources (TSE:LAM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Laramide Resources Ltd. (TSE:LAM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.70 and traded as low as C$0.63. Laramide Resources shares last traded at C$0.63, with a volume of 648,565 shares changing hands.

Laramide Resources Stock Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 3.07. The business has a 50 day moving average price of C$0.71 and a two-hundred day moving average price of C$0.70. The company has a market cap of C$178.86 million, a P/E ratio of -21.00 and a beta of -0.13.

Laramide Resources (TSE:LAM) last released its earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share for the quarter. On average, sell-side analysts anticipate that Laramide Resources Ltd. will post -0.03 earnings per share for the current year.

About Laramide Resources

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.