Paladin Energy (OTCMKTS:PALAF) Shares Down 4.1% - Here's Why

Key Points

• Paladin Energy's shares decreased by 4.1% to trade at $5.17, with trading volumes dropping 84% below the average daily volume.
• The company reported a quarterly earnings loss of ($0.04) per share and generated $39.44 million in revenue during the quarter.
• Paladin Energy specializes in the development and operation of uranium mines across Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report)'s stock price was down 4.1% on Wednesday . The stock traded as low as $5.09 and last traded at $5.17. Approximately 22,417 shares were traded during trading, a decline of 84% from the average daily volume of 143,544 shares. The stock had previously closed at $5.39.

Paladin Energy Stock Up 3.4%

The firm has a 50 day moving average of $4.71 and a two-hundred day moving average of $4.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53.

Paladin Energy (OTCMKTS:PALAF - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $39.44 million during the quarter. On average, equities research analysts forecast that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal 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.