Paladin Energy (OTCMKTS:PALAF) Shares Gap Down - Should You Sell?

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.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) gapped down prior to trading 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 changing hands.

Analyst Ratings Changes

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

Paladin Energy Price Performance

The company has a 50-day moving average of $4.58 and a 200-day moving average of $4.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.74 and a quick ratio of 2.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.