Laramide Resources (TSE:LAM) Share Price Crosses Below Fifty Day Moving Average of $0.25

Shares of Laramide Resources Ltd. (TSE:LAM) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.25 and traded as low as $0.22. Laramide Resources shares last traded at $0.24, with a volume of 145,500 shares.

The firm has a market capitalization of $31.35 million and a price-to-earnings ratio of -7.10. The business has a 50-day moving average of C$0.25 and a two-hundred day moving average of C$0.31. The company has a quick ratio of 0.02, a current ratio of 0.06 and a debt-to-equity ratio of 13.61.

In other news, Director John Geoffrey Booth bought 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of C$0.25 per share, with a total value of C$37,500.00. Following the completion of the transaction, the director now directly owns 1,465,909 shares in the company, valued at C$366,477.25.

About Laramide Resources (TSE:LAM)

Laramide Resources Ltd. explores for and develops uranium projects in Australia and the United States. Its flagship project is the Westmoreland property located in Queensland, Australia. The company also holds a 100% interest in the Murphy Uranium Tenements in the Northern Territory of Australia. Laramide Resources Ltd.

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