Paladin Energy (OTCMKTS:PALAF) Receives New Coverage from Analysts at Canaccord Genuity

Equities researchers at Canaccord Genuity assumed coverage on shares of Paladin Energy (OTCMKTS:PALAF) in a report released on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

Shares of PALAF stock remained flat at $$0.07 during mid-day trading on Tuesday. 433,525 shares of the company’s stock were exchanged, compared to its average volume of 798,714. The company has a 50-day moving average price of $0.08 and a 200-day moving average price of $0.06. Paladin Energy has a 12-month low of $0.03 and a 12-month high of $0.12.

Paladin Energy Company Profile

Paladin Energy Limited develops and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Malawi segments. Its flagship projects include the Langer Heinrich mine located in the Namib Desert in Namibia. Paladin Energy Ltd serves utilities and other entities primarily located in the United States, East Asia, and Western Europe.

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