Paladin Energy (OTCMKTS:PALAF) Shares Gap Down - What's Next?

Key Points

• Paladin Energy Ltd. shares gapped down prior to market opening, dropping from a previous close of $6.27 to an opening price of $5.95, before later trading at $6.31.
• The company reported a quarterly loss of ($0.04) EPS on revenues of $39.44 million, with analysts forecasting an EPS of 0.06 for the current fiscal year.
• Paladin Energy is actively involved in the uranium mining sector, with operations in Australia, Canada, and Africa, including its flagship Langer Heinrich mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $6.27, but opened at $5.95. Paladin Energy shares last traded at $6.31, with a volume of 9,170 shares.

Paladin Energy Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53. The stock has a 50-day moving average of $5.10 and a 200-day moving average of $4.41.

Paladin Energy (OTCMKTS:PALAF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $39.44 million during the quarter. On average, analysts anticipate that Paladin Energy Ltd. will post 0.06 EPS 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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