Laramide Resources (TSE:LAM) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Laramide Resources Ltd. shares have surpassed their 50-day moving average, trading as high as C$0.66 before settling at C$0.63 with a volume of 311,852 shares.
• The company has a debt-to-equity ratio of 4.84, with a market capitalization of C$178.68 million and a P/E ratio of -31.50.
• Laramide Resources is engaged in the exploration and development of uranium assets primarily in Australia and the United States, with significant projects in New Mexico and Utah.

Shares of Laramide Resources Ltd. (TSE:LAM - ) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.56 and traded as high as C$0.66. Laramide Resources shares last traded at C$0.63, with a volume of 311,852 shares changing hands.

Laramide Resources Stock Down 1.6%

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 stock has a fifty day moving average price of C$0.56 and a two-hundred day moving average price of C$0.61. The company has a market cap of C$178.68 million, a P/E ratio of -31.50 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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