Laramide Resources (TSE:LAM) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Laramide Resources Ltd. (TSE:LAM) has surpassed its 50-day moving average of C$0.55, with shares currently trading at C$0.72.
• The company's market capitalization stands at C$204.21 million, with a notable debt-to-equity ratio of 4.84.
• Laramide is involved in the exploration and development of high-quality uranium assets in Australia and the United States.

Laramide Resources Ltd. (TSE:LAM - ) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.55 and traded as high as C$0.73. Laramide Resources shares last traded at C$0.72, with a volume of 6,679,056 shares.

Laramide Resources Trading Up 7.5%

The firm's 50 day moving average is C$0.55 and its 200 day moving average is C$0.61. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.29 and a quick ratio of 0.91. The company has a market capitalization of C$204.21 million, a PE ratio of -36.00 and a beta of 0.44.

About Laramide Resources

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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