Laramide Resources (TSE:LAM) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Laramide Resources Ltd. (TSE:LAM)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.70 and traded as low as C$0.62. Laramide Resources shares last traded at C$0.66, with a volume of 182,325 shares trading hands.

Laramide Resources Stock Down 4.4%

The company has a current ratio of 3.07, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98. The company has a market capitalization of C$184.37 million, a price-to-earnings ratio of -21.67 and a beta of -0.01. The firm’s fifty day simple moving average is C$0.72 and its two-hundred day simple moving average is C$0.69.

Laramide Resources (TSE:LAM) last posted its earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share for the quarter. Sell-side analysts anticipate that Laramide Resources Ltd. will post -0.03 EPS for the current year.

Laramide Resources Company Profile

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company’s portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.