Laramide Resources (TSE:LAM) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Laramide Resources Ltd. (TSE:LAMGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.67 and traded as low as C$0.64. Laramide Resources shares last traded at C$0.67, with a volume of 427,102 shares.

Laramide Resources Trading Up 1.5%

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.91. The firm has a market cap of C$196.15 million, a price-to-earnings ratio of -16.75 and a beta of 0.39. The firm’s fifty day moving average is C$0.58 and its 200-day moving average is C$0.67.

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.

Further Reading

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