Paladin Energy (OTCMKTS:PALAF) Releases Quarterly Earnings Results

Paladin Energy (OTCMKTS:PALAF) announced its earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Paladin Energy had a negative return on equity of 4.23% and a negative net margin of 16.42%.

Paladin Energy Trading Down 7.3%

PALAF traded down $0.73 during trading on Wednesday, reaching $9.25. 13,255 shares of the stock traded hands, compared to its average volume of 84,064. The stock’s 50-day moving average is $8.62 and its 200 day moving average is $7.20. Paladin Energy has a 12 month low of $2.51 and a 12 month high of $10.50. The company has a quick ratio of 4.12, a current ratio of 5.69 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.16 billion, a PE ratio of -84.09 and a beta of 1.41.

Paladin Energy Company Profile

Paladin Energy Ltd is an Australia‐based company engaged in the exploration, development and production of uranium concentrate for the global nuclear power industry. Primarily known for mining uranium oxide (U3O8), Paladin supplies a key fuel source used by utilities to generate low-carbon electricity. The company’s securities are traded on the OTC Markets under the ticker PALAF, alongside listings on the Australian Securities Exchange and the Toronto Stock Exchange.

Paladin’s flagship operation is the Langer Heinrich mine in Namibia, which recommenced production in 2021 following a period of care and maintenance.