Laramide Resources (TSE:LAM) Shares Pass Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares dipped below the 200‑day moving average (200‑day C$0.68), trading as low as C$0.67 and last at C$0.70 on a volume of 174,985 shares.
• The company is currently unprofitable, reporting quarterly EPS of C($0.02) with a negative P/E of -23.33 and analysts projecting FY EPS of about -0.03.
• Laramide focuses on exploring and developing late‑stage, low‑technical‑risk uranium projects in Tier‑1 jurisdictions.

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.68 and traded as low as C$0.67. Laramide Resources shares last traded at C$0.70, with a volume of 174,985 shares trading hands.

Laramide Resources Stock Up 7.7%

The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.04. The stock's 50-day moving average is C$0.77 and its 200-day moving average is C$0.68. The company has a market cap of C$198.56 million, a price-to-earnings ratio of -23.33 and a beta of 0.04.

Laramide Resources (TSE:LAM - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts anticipate that Laramide Resources Ltd. will post -0.03 earnings per share for the current fiscal year.

Laramide Resources Company Profile

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.