Laramide Resources (TSE:LAM) Stock Crosses Below 200-Day Moving Average – Here’s Why

Laramide Resources Ltd. (TSE:LAMGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.68 and traded as low as C$0.63. Laramide Resources shares last traded at C$0.66, with a volume of 387,911 shares traded.

Laramide Resources Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. The stock has a market cap of C$184.86 million, a P/E ratio of -16.25 and a beta of -0.13. The firm’s 50-day moving average is C$0.56 and its two-hundred day moving average is C$0.68.

Laramide Resources Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Laramide Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laramide Resources and related companies with MarketBeat.com's FREE daily email newsletter.