Laramide Resources (TSE:LAM) Stock Price Up 14.8% – Should You Buy?

Laramide Resources Ltd. (TSE:LAMGet Free Report) shares shot up 14.8% during trading on Thursday . The stock traded as high as C$0.71 and last traded at C$0.70. 676,913 shares traded hands during trading, an increase of 56% from the average session volume of 434,427 shares. The stock had previously closed at C$0.61.

Laramide Resources Stock Up 13.1%

The business has a fifty day simple moving average of C$0.70 and a two-hundred day simple moving average of C$0.71. 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 cap of C$195.89 million, a PE ratio of -23.00 and a beta of -0.13.

Laramide Resources (TSE:LAMGet Free Report) last announced its earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Laramide Resources Ltd. will post -0.03 earnings per share for the current year.

Laramide Resources Company Profile

(Get Free Report)

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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