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Paladin Energy (OTCMKTS:PALAF) Share Price Passes Below 50-Day Moving Average - What's Next?

Paladin Energy logo with Basic Materials background

Key Points

  • Paladin Energy Ltd. (OTCMKTS:PALAF) saw its stock price fall below its 50-day moving average of $4.64, trading as low as $3.98 and last recorded at $4.09.
  • The company's current ratio is 3.74, with a quick ratio of 2.23 and a debt-to-equity ratio of 0.21, indicating a relatively strong financial position.
  • Paladin Energy focuses on the development and operation of uranium mines across Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.
  • MarketBeat previews top five stocks to own in October.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.64 and traded as low as $3.98. Paladin Energy shares last traded at $4.09, with a volume of 25,135 shares.

Paladin Energy Stock Up 4.9%

The firm has a 50 day moving average of $4.64 and a 200 day moving average of $4.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.23 and a current ratio of 3.74.

Paladin Energy Company Profile

(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.

Further Reading

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