Laramide Resources (TSE:LAM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Laramide Resources Ltd. (TSE:LAM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.70 and traded as low as C$0.67. Laramide Resources shares last traded at C$0.71, with a volume of 81,434 shares traded.

Laramide Resources Stock Up 6.0%

The firm has a market cap of C$201.57 million, a price-to-earnings ratio of -23.67 and a beta of -0.01. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 3.07. The business’s 50-day moving average is C$0.71 and its 200-day moving average is C$0.70.

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

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.