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Paladin Energy (OTCMKTS:PALAF) Shares Gap Down - Time to Sell?

Paladin Energy logo with Basic Materials background

Key Points

  • Paladin Energy Ltd. shares gapped down from a previous close of $4.72 to open at $4.24, last trading at $4.44 with a volume of 36,837 shares.
  • The Royal Bank of Canada upgraded Paladin Energy's stock rating to "hold", indicating a cautious outlook for investors.
  • Paladin Energy specializes in the development and operation of uranium mines across Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.
  • Looking to export and analyze Paladin Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $4.72, but opened at $4.24. Paladin Energy shares last traded at $4.44, with a volume of 36,837 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised Paladin Energy to a "hold" rating in a report on Monday, April 14th.

Get Our Latest Analysis on PALAF

Paladin Energy Stock Performance

The company has a quick ratio of 2.23, a current ratio of 3.74 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $4.61 and a two-hundred day moving average price of $4.31.

Paladin Energy Company Profile

(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.

Further Reading

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