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Laramide Resources (TSE:LAM) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Laramide Resources logo with Energy background

Laramide Resources Ltd. (TSE:LAM - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.63 and traded as high as C$0.69. Laramide Resources shares last traded at C$0.65, with a volume of 158,888 shares.

Laramide Resources Trading Up 1.7%

The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.91 and a current ratio of 0.29. The firm has a market capitalization of C$152.14 million, a price-to-earnings ratio of -28.98 and a beta of 0.86. The company has a 50-day moving average price of C$0.63 and a 200-day moving average price of C$0.65.

Insider Activity at Laramide Resources

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

About Laramide Resources

(Get Free Report)

Laramide Resources Ltd. engages in the mining, exploration, and development of uranium assets in Australia and the United States. The company was incorporated in 1980 and is headquartered in Toronto, Canada.

Further Reading

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