Laramide Resources (TSE:LAM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Laramide Resources Ltd. (TSE:LAM) 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 changing hands.

Laramide Resources Stock Down 1.4%

The company has a quick ratio of 0.91, a current ratio of 3.07 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of C$0.71 and a 200-day moving average price of C$0.70. The firm has a market capitalization of C$198.73 million, a PE ratio of -23.33 and a beta of -0.01.

Laramide Resources (TSE:LAM) last posted its quarterly earnings results on Thursday, March 19th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities research analysts forecast that Laramide Resources Ltd. will post -0.03 earnings per share for the current fiscal 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.