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

Laramide Resources logo with Energy background

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.61. Laramide Resources shares last traded at C$0.61, with a volume of 501,696 shares traded.

Laramide Resources Stock Down 1.6%

The business has a 50-day moving average price of C$0.65 and a two-hundred day moving average price of C$0.62. The company has a quick ratio of 0.91, a current ratio of 0.29 and a debt-to-equity ratio of 4.84. The firm has a market cap of C$154.63 million, a PE ratio of -29.45 and a beta of 0.86.

Insider Activity at Laramide Resources

In related news, Director Raffi Babikian sold 50,000 shares of the stock in a transaction 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. Over the last quarter, insiders have acquired 105,000 shares of company stock valued at $67,350 and have sold 94,500 shares valued at $62,145. 9.30% of the stock is currently owned by corporate 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.

Further Reading

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