Paladin Energy (OTCMKTS:PALAF) Trading Down 9.2% - What's Next?

Key Points

• Paladin Energy Ltd. shares fell 9.2% on Friday, trading as low as $5.52, with significant volume drop to 44,685 shares compared to the average of 146,552 shares.
• The company reported a quarterly loss of ($0.04) earnings per share and revenue of $39.44 million, with analysts forecasting earnings of $0.06 per share for the current year.
• Paladin Energy operates uranium mines primarily in Australia, Canada, and Africa, with its flagship project being the Langer Heinrich mine in Namibia.

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) fell 9.2% on Friday . The company traded as low as $5.52 and last traded at $5.54. 44,685 shares traded hands during trading, a decline of 70% from the average session volume of 146,552 shares. The stock had previously closed at $6.10.

Paladin Energy Trading Down 6.6%

The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $5.13 and a 200-day moving average price of $4.43.

Paladin Energy (OTCMKTS:PALAF - Get Free Report) last announced its quarterly earnings data 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. Equities analysts forecast that Paladin Energy Ltd. will post 0.06 earnings per share for the current 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.

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