Paladin Energy (OTCMKTS:PALAF) Reaches New 12-Month Low – Here’s What Happened

Paladin Energy Ltd (OTCMKTS:PALAF) shares reached a new 52-week low on Tuesday . The stock traded as low as $3.11 and last traded at $3.16, with a volume of 335335 shares trading hands. The stock had previously closed at $3.28.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PALAF. Jefferies Financial Group lowered shares of Paladin Energy to a “hold” rating in a research report on Wednesday, March 26th. UBS Group cut shares of Paladin Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 25th.

Paladin Energy Trading Down 1.7 %

The firm has a 50 day moving average price of $4.55 and a 200-day moving average price of $5.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 4.02.

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.