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Laramide Resources (TSE:LAM) Share Price Crosses Below 200-Day Moving Average - Here's Why

Laramide Resources logo with Energy background

Laramide Resources Ltd. (TSE:LAM - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.64 and traded as low as C$0.60. Laramide Resources shares last traded at C$0.60, with a volume of 95,100 shares traded.

Laramide Resources Trading Down 1.6%

The business has a fifty day moving average of C$0.64 and a 200-day moving average of C$0.64. 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 has a market capitalization of C$149.64 million, a P/E ratio of -28.50 and a beta of 0.86.

Insider Buying and Selling

In related news, Director Marc Charles Henderson acquired 50,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of C$0.62 per share, for a total transaction of C$31,000.00. Insiders have sold a total of 94,500 shares of company stock worth $62,145 in the last ninety days. Corporate insiders own 9.30% of the company's stock.

About Laramide Resources

(Get Free Report)

Laramide Resources Ltd. engages in the mining, exploration, and development of uranium assets in Australia and the United States. The company was incorporated in 1980 and is headquartered in Toronto, Canada.

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