Laramide Resources (OTCMKTS:LMRXF) Shares Down 5.8% – Here’s Why

Laramide Resources Ltd. (OTCMKTS:LMRXFGet Free Report) traded down 5.8% during mid-day trading on Wednesday . The stock traded as low as $0.3629 and last traded at $0.3654. Approximately 9,750 shares were traded during mid-day trading, a decline of 85% from the average session volume of 64,504 shares. The stock had previously closed at $0.3880.

Laramide Resources Stock Performance

The company has a 50-day simple moving average of $0.47 and a 200-day simple moving average of $0.51.

About Laramide Resources

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Laramide Resources Ltd. (OTCMKTS:LMRXF) is a Canada-based mineral exploration company focusing on uranium assets in the United States. Through its U.S. subsidiary, Laramide Energy (USA) Corp., the company holds interests in several advanced-stage uranium projects located in established uranium districts, with a view toward eventual production to support the global nuclear power industry.

The company’s portfolio is anchored by the Roca Honda deposit in the Grants Mineral Belt of New Mexico, which benefits from existing environmental permits and an established resource estimate.

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