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Laramide Resources (TSE:LAM) Shares Cross Below 50 Day Moving Average - Should You Sell?

Laramide Resources logo with Energy background

Shares of Laramide Resources Ltd. (TSE:LAM - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 trading hands.

Laramide Resources Price Performance

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's fifty day simple moving average is C$0.64 and its 200-day simple moving average is C$0.63. The company has a market capitalization of C$152.14 million, a P/E ratio of -28.98 and a beta of 0.86.

Insider Buying and Selling at Laramide Resources

In other news, Director Raffi Babikian sold 50,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of C$0.70, for a total transaction of C$35,000.00. Insiders sold 94,500 shares of company stock worth $62,145 over the last ninety days. Company insiders own 9.30% of the company's stock.

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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