Paladin Energy (OTCMKTS:PALAF) Shares Gap Down - Here's What Happened

Key Points

• Paladin Energy's shares gapped down from a previous close of $4.13 to an opening price of $3.84 before last trading at $4.15, with a total volume of 20,041 shares.
• Royal Bank Of Canada has upgraded Paladin Energy to a "hold" rating as of April 14th, indicating a shift in analyst sentiment.
• Paladin Energy operates uranium mines in Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine located in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.13, but opened at $3.84. Paladin Energy shares last traded at $4.15, with a volume of 20,041 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of Paladin Energy to a "hold" rating in a research note on Monday, April 14th.

Paladin Energy Trading Up 0.9%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.23 and a current ratio of 3.74. The stock has a 50-day simple moving average of $4.62 and a two-hundred day simple moving average of $4.27.

About Paladin Energy

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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