Laramide Resources (TSE:LAM) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s stock price passed 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 changing hands.

Laramide Resources Trading Down 3.1%

The company has a quick ratio of 0.91, a current ratio of 0.29 and a debt-to-equity ratio of 4.84. The stock has a fifty 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$154.63 million, a P/E ratio of -29.45 and a beta of 0.86.

Insider Activity

In other news, Director Raffi Babikian sold 50,000 shares of Laramide Resources stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of C$0.70, for a total value of C$35,000.00. Also, Director Marc Charles Henderson bought 50,000 shares of Laramide Resources stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of C$0.62 per share, for a total transaction of C$31,000.00. Insiders bought 105,000 shares of company stock worth $67,350 over the last ninety days. Insiders own 9.30% of the company's stock.

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.