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

Key Points

• Paladin Energy Ltd.'s shares opened at $3.92, down from a previous close of $4.34, after a gap down in trading.
• The company's financial ratios include a debt-to-equity ratio of 0.21 and a current ratio of 3.74, indicating a relatively stable financial position.
• Paladin Energy operates uranium mines primarily in Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.34, but opened at $3.92. Paladin Energy shares last traded at $4.28, with a volume of 10,742 shares.

Paladin Energy Trading Down 0.5%

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 stock's fifty day simple moving average is $4.65 and its 200-day simple moving average is $4.20.

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.