Paladin Energy (OTCMKTS:PALAF) Shares Gap Up - Should You Buy?

Key Points

• Paladin Energy Ltd. shares experienced a significant gap up, opening at $6.04 after closing at $5.50 on the previous trading day.
• The company reported a quarterly loss of ($0.04) EPS, with revenues of $39.44 million, although analysts expect earnings of $0.06 EPS for the current year.
• Paladin Energy specializes in developing and operating uranium mines across Australia, Canada, and Africa, with its flagship asset being the Langer Heinrich mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.50, but opened at $6.04. Paladin Energy shares last traded at $5.42, with a volume of 9,723 shares changing hands.

Paladin Energy Trading Down 0.1%

The company has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.23. The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22.

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