Paladin Energy (OTCMKTS:PALAF) Stock Price Up 2.8% - What's Next?

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.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report)'s share price was up 2.8% during trading on Tuesday . The stock traded as high as $4.34 and last traded at $4.34. Approximately 48,889 shares changed hands during trading, a decline of 44% from the average daily volume of 87,375 shares. The stock had previously closed at $4.22.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded Paladin Energy to a "hold" rating in a research report on Monday, April 14th.

Paladin Energy Stock Performance

The stock has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.74 and a quick ratio of 2.23.

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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