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Paladin Energy (OTCMKTS:PALAF) Shares Cross Below 200-Day Moving Average - Here's What Happened

Paladin Energy logo with Basic Materials background

Paladin Energy Ltd (OTCMKTS:PALAF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.88 and traded as low as $3.52. Paladin Energy shares last traded at $3.67, with a volume of 180,627 shares.

Analysts Set New Price Targets

PALAF has been the subject of several research reports. Royal Bank of Canada upgraded Paladin Energy to a "hold" rating in a research report on Monday, April 14th. UBS Group lowered shares of Paladin Energy from a "strong-buy" rating to a "hold" rating in a report on Saturday, January 25th. Finally, Jefferies Financial Group lowered Paladin Energy to a "hold" rating in a research report on Wednesday, March 26th.

Check Out Our Latest Analysis on PALAF

Paladin Energy Trading Up 3.8 %

The company has a quick ratio of 1.50, a current ratio of 4.02 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $3.50 and its 200 day moving average price is $4.73.

About Paladin Energy

(Get Free Report)

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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