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

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.

Laramide Resources Ltd. (TSE:LAM - )'s stock 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 stock has a market cap of C$153.15 million, a P/E ratio of -27.00 and a beta of 0.44. The firm has a 50-day moving average price of C$0.55 and a 200-day moving average price of C$0.60. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.91 and a current ratio of 0.29.

Laramide Resources Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.