Paladin Energy (OTCMKTS:PALAF) Shares Gap Up - Time to Buy?

Key Points

• Paladin Energy's stock price increased from $5.66 to $6.00 after gapping up before the market opened, with the last traded price being $5.65.
• The company reported a quarterly loss of ($0.04) EPS with revenues of $39.44 million, and analysts anticipate a projected 0.06 EPS for the current year.
• Paladin Energy is primarily engaged in the development and operation of uranium mines in Australia, Canada, and Africa, with its major project being the Langer Heinrich mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $5.66, but opened at $6.00. Paladin Energy shares last traded at $5.65, with a volume of 13,885 shares trading hands.

Paladin Energy Stock Performance

The business's 50 day moving average is $4.80 and its 200-day moving average is $4.29. The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22.

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

Paladin Energy Company Profile

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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