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Laramide Resources (TSE:LAM) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Laramide Resources logo with Energy background

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.64 and traded as low as C$0.62. Laramide Resources shares last traded at C$0.63, with a volume of 201,777 shares changing hands.

Laramide Resources Stock Performance

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 stock has a 50 day moving average of C$0.64 and a 200 day moving average of C$0.63. The stock has a market capitalization of C$164.61 million, a P/E ratio of -31.35 and a beta of 0.86.

Insider Activity

In other news, Director Raffi Babikian sold 50,000 shares of Laramide Resources 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 transaction of C$35,000.00. Over the last quarter, insiders sold 94,500 shares of company stock valued at $62,145. 9.30% of the stock is currently owned by company insiders.

About Laramide Resources

(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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