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Paladin Energy (OTCMKTS:PALAF) Shares Up 2.8% - Still a Buy?

Paladin Energy logo with Basic Materials background

Key Points

  • Paladin Energy Ltd. experienced a 2.8% increase in share price, reaching $4.34, with trading volume decreased by 44% compared to its average.
  • Royal Bank of Canada upgraded the company's stock to a "hold" rating, indicating cautious optimism among analysts.
  • The company is involved in the development and operation of uranium mines across Australia, Canada, and Africa, with a flagship project at the Langer Heinrich mine in Namibia.
  • Interested in Paladin Energy? Here are five stocks we like better.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) traded up 2.8% during mid-day trading on Tuesday . The stock traded as high as $4.34 and last traded at $4.34. 48,889 shares were traded during mid-day trading, a decline of 44% from the average session volume of 87,375 shares. The stock had previously closed at $4.22.

Paladin Energy Stock Up 0.6%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.23 and a current ratio of 3.74. The business's 50-day simple moving average is $4.65 and its two-hundred day simple moving average is $4.20.

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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