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Laramide Resources (TSE:LAM) Shares Pass Above 50 Day Moving Average - Time to Sell?

Laramide Resources logo with Energy background

Key Points

  • Laramide Resources Ltd. (TSE:LAM) saw its share price rise above the fifty-day moving average, trading at C$0.57 with a high of C$0.59 during Thursday's session.
  • The company has a market capitalization of C$161.66 million and a significant debt-to-equity ratio of 4.84, indicating a highly leveraged position.
  • Laramide Resources is focused on exploring and developing uranium assets located in Australia and the United States, with several key projects including Churchrock and ISR in New Mexico.
  • MarketBeat previews top five stocks to own in October.

Laramide Resources Ltd. (TSE:LAM - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.54 and traded as high as C$0.59. Laramide Resources shares last traded at C$0.57, with a volume of 242,566 shares changing hands.

Laramide Resources Price Performance

The company has a market cap of C$184.35 million, a price-to-earnings ratio of -32.50 and a beta of 0.44. 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 business has a 50-day moving average price of C$0.55 and a 200 day moving average price of C$0.60.

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.

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