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Laramide Resources (TSE:LAM) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Laramide Resources logo with Energy background

Key Points

  • Laramide Resources Ltd. (TSE:LAM) shares recently fell below their 200-day moving average of C$0.60, trading as low as C$0.53.
  • The stock has a market capitalization of C$150.32 million and a PE ratio of -26.50, indicating negative earnings.
  • Laramide is focused on the exploration and development of uranium assets in Australia and the United States, with several key projects in locations like New Mexico and Utah.
  • Five stocks to consider instead of Laramide Resources.

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.60 and traded as low as C$0.53. Laramide Resources shares last traded at C$0.53, with a volume of 619,774 shares.

Laramide Resources Trading Up 3.8%

The stock has a market capitalization of C$155.99 million, a P/E ratio of -27.50 and a beta of 0.28. The firm's 50-day simple moving average is C$0.56 and its 200 day simple moving average is C$0.60. The company has a quick ratio of 0.91, a current ratio of 0.29 and a debt-to-equity ratio of 4.84.

Laramide Resources Company Profile

(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.

See Also

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