Shares of Laramide Resources Ltd. (TSE:LAM – Get Free Report) 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$0.50. Laramide Resources shares last traded at C$0.53, with a volume of 326,277 shares trading hands.
Laramide Resources Stock Up 3.0%
The firm has a 50-day moving average of C$0.61 and a two-hundred day moving average of C$0.70. The stock has a market capitalization of C$145.05 million, a price-to-earnings ratio of -17.00 and a beta of -0.10. The company has a quick ratio of 0.91, a current ratio of 3.07 and a debt-to-equity ratio of 0.98.
About Laramide Resources
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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