Laramide Resources (TSE:LAM) Stock Passes Below 200 Day Moving Average – Should You Sell?

Laramide Resources Ltd. (TSE:LAM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.70 and traded as low as C$0.63. Laramide Resources shares last traded at C$0.63, with a volume of 648,565 shares changing hands.

Laramide Resources Stock Performance

The firm has a market capitalization of C$178.86 million, a PE ratio of -21.00 and a beta of -0.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.07 and a quick ratio of 0.91. The company’s fifty day simple moving average is C$0.71 and its 200 day simple moving average is C$0.70.

Laramide Resources (TSE:LAM) last announced its quarterly 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 expect that Laramide Resources Ltd. will post -0.03 EPS for the current fiscal year.

Laramide Resources Company Profile

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.