Laramide Resources (TSE:LAM) Shares Up 3% - Still a Buy?

Key Points

• Laramide Resources Ltd. shares increased by 3% to trade at C$0.51, despite a decline in trading volume of 6% compared to average levels.
• The company exhibits significant financial metrics with a debt-to-equity ratio of 4.84 and a market capitalization of C$132.19 million, indicating a high level of debt relative to equity.
• Laramide is focused on the exploration and development of uranium assets in Australia and the United States, with several key projects, including Churchrock in New Mexico and La Jara Mesa.

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s stock price rose 3% on Friday . The company traded as high as C$0.51 and last traded at C$0.51. Approximately 246,672 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 263,141 shares. The stock had previously closed at C$0.50.

Laramide Resources Price Performance

The firm has a market cap of C$150.32 million, a price-to-earnings ratio of -26.50 and a beta of 0.28. The company has a current ratio of 0.29, a quick ratio of 0.91 and a debt-to-equity ratio of 4.84. The stock has a 50-day moving average of C$0.57 and a two-hundred day moving average of C$0.60.

About Laramide Resources

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.