Paladin Energy (OTCMKTS:PALAF) Hits New 52-Week Low – What’s Next?

Paladin Energy Ltd (OTCMKTS:PALAF) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.02 and last traded at $4.20, with a volume of 422834 shares. The stock had previously closed at $4.30.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Paladin Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 25th.

Paladin Energy Stock Performance

The company has a current ratio of 4.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $5.07 and a 200 day moving average price of $5.95.

About Paladin Energy

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.