Laramide Resources Ltd. (TSE:LAM – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as C$0.47 and last traded at C$0.47, with a volume of 559,472 shares changing hands. The stock had previously closed at C$0.48.
Laramide Resources Stock Down 4.1%
The business’s 50 day moving average is C$0.60 and its 200 day moving average is C$0.63. The company has a market capitalization of C$136.13 million, a price-to-earnings ratio of -11.62 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.91 and a current ratio of 0.68.
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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