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

Key Points

• Paladin Energy Ltd. shares gapped down from a previous close of $5.41 to open at $5.20, ultimately trading at $5.49 with a volume of 2,998 shares.
• The company reported a quarterly loss of $0.04 earnings per share and $39.44 million in revenue, with an anticipated earnings per share of $0.06 for the current fiscal year.
• Paladin Energy focuses on uranium mining in Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $5.41, but opened at $5.20. Paladin Energy shares last traded at $5.49, with a volume of 2,998 shares traded.

Paladin Energy Stock Down 0.4%

The firm has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $4.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53.

Paladin Energy (OTCMKTS:PALAF - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $39.44 million during the quarter. As a group, equities research analysts anticipate that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

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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