Laramide Resources (TSE:LAM) Shares Down 9.2% – Should You Sell?

Laramide Resources Ltd. (TSE:LAMGet Free Report)’s share price fell 9.2% on Friday . The stock traded as low as C$0.69 and last traded at C$0.69. 173,727 shares were traded during trading, a decline of 57% from the average daily volume of 403,837 shares. The stock had previously closed at C$0.76.

Laramide Resources Stock Performance

The company’s 50 day simple moving average is C$0.57 and its 200 day simple moving average is C$0.68. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.91 and a current ratio of 0.68. The stock has a market cap of C$207.86 million, a PE ratio of -17.75 and a beta of -0.13.

Laramide Resources Company Profile

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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.

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