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Laramide Resources (TSE:LAM) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Laramide Resources logo with Energy background

Shares of Laramide Resources Ltd. (TSE:LAM - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.64 and traded as high as C$0.65. Laramide Resources shares last traded at C$0.62, with a volume of 776,653 shares traded.

Laramide Resources Stock Up 1.6%

The stock has a market cap of C$154.63 million, a PE ratio of -29.45 and a beta of 0.86. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.91 and a current ratio of 0.29. The company's 50-day moving average price is C$0.64 and its 200 day moving average price is C$0.62.

Insider Buying and Selling at Laramide Resources

In related news, Director Marc Charles Henderson acquired 50,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of C$0.62 per share, with a total value of C$31,000.00. Also, Director Raffi Babikian sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$0.70, for a total value of C$35,000.00. Insiders have purchased a total of 105,000 shares of company stock valued at $67,350 over the last three months. 9.30% of the stock is currently owned by insiders.

Laramide Resources Company Profile

(Get Free Report)

Laramide Resources Ltd is a Canadian company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The company's project includes Churchrock and ISR, New Mexico; La Sal, Utah; La Jara Mesa; Westmoreland, Australia, and Murphy Project.

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