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

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.89, but opened at $4.50. Paladin Energy shares last traded at $4.91, with a volume of 2,184 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on PALAF. Jefferies Financial Group lowered Paladin Energy to a "hold" rating in a report on Wednesday, March 26th. Royal Bank Of Canada upgraded shares of Paladin Energy to a "hold" rating in a report on Monday, April 14th.

Paladin Energy Trading Up 0.6%

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 has a 50-day moving average price of $4.04 and a 200-day moving average price of $4.31.

Paladin Energy Company Profile

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.