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Laramide Resources (TSE:LAM) Stock Crosses Below 200 Day Moving Average - Here's Why

Laramide Resources logo with Energy background

Key Points

  • Laramide Resources Ltd. stock price fell below its 200-day moving average of C$0.60, with recent trading at C$0.54.
  • The company has a market cap of C$153.15 million, a P/E ratio of -27.00, and a debt-to-equity ratio of 4.84, indicating higher financial leverage.
  • Laramide Resources is focused on exploring and developing uranium assets, with projects located in both Australia and the United States.
  • MarketBeat previews top five stocks to own in November.

Laramide Resources Ltd. (TSE:LAM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.60 and traded as low as C$0.52. Laramide Resources shares last traded at C$0.54, with a volume of 222,545 shares traded.

Laramide Resources Price Performance

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 stock has a market capitalization of C$144.65 million, a price-to-earnings ratio of -25.50 and a beta of 0.44. The company has a 50-day moving average of C$0.55 and a 200-day moving average of C$0.60.

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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