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Paladin Energy (OTCMKTS:PALAF) Sees Large Volume Increase - Here's What Happened

Paladin Energy logo with Basic Materials background

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) saw strong trading volume on Thursday . 431,914 shares traded hands during mid-day trading, an increase of 149% from the previous session's volume of 173,636 shares.The stock last traded at $4.98 and had previously closed at $4.97.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Paladin Energy to a "hold" rating in a research note on Wednesday, March 26th. Royal Bank Of Canada raised Paladin Energy to a "hold" rating in a research report on Monday, April 14th.

Get Our Latest Stock Report on Paladin Energy

Paladin Energy Trading Up 3.1%

The company has a current ratio of 3.74, a quick ratio of 2.23 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $4.00 and its 200 day simple moving average is $4.31.

About Paladin Energy

(Get Free Report)

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.

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