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Laramide Resources (TSE:LAM) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Laramide Resources logo with Energy background

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.65 and traded as low as C$0.61. Laramide Resources shares last traded at C$0.64, with a volume of 547,450 shares traded.

Laramide Resources Price Performance

The firm has a 50-day simple moving average of C$0.65 and a 200-day simple moving average of C$0.62. The firm has a market capitalization of C$159.62 million, a PE ratio of -30.40 and a beta of 0.86. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.29 and a quick ratio of 0.91.

Insider Transactions at Laramide Resources

In related news, Director Marc Charles Henderson bought 50,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of C$0.62 per share, with a total value of C$31,000.00. Also, 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. Over the last quarter, insiders purchased 105,000 shares of company stock worth $67,350 and sold 94,500 shares worth $62,145. 9.30% of the stock is currently owned by insiders.

About Laramide Resources

(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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