Laramide Resources (TSE:LAM) Shares Down 9.6% - Time to Sell?

Key Points

• Shares fell 9.6% to C$0.66 on Monday, with 210,525 shares traded—about 65% below the average session volume.
• The company reported C($0.02) EPS for the quarter and analysts expect roughly C($0.03) for the year; the stock carries a negative PE (-32.50) and a market cap of C$184.35 million.
• Laramide focuses on uranium assets in the U.S. and Australia, holding projects such as Churchrock (NM), La Sal (UT), La Jara Mesa, Westmoreland (Australia) and Murphy.

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s share price fell 9.6% during trading on Monday . The stock traded as low as C$0.66 and last traded at C$0.66. 210,525 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 603,060 shares. The stock had previously closed at C$0.73.

Laramide Resources Stock Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 2.67 and a quick ratio of 0.91. The business has a 50 day moving average price of C$0.79 and a 200 day moving average price of C$0.67. The stock has a market capitalization of C$184.35 million, a PE ratio of -32.50 and a beta of -0.37.

Laramide Resources (TSE:LAM - Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Laramide Resources Ltd. will post -0.03 earnings per share for the current year.

Laramide Resources Company Profile

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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