Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Here’s Why

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped up before the market opened on Thursday . The stock had previously closed at $5.6250, but opened at $5.90. Paladin Energy shares last traded at $5.95, with a volume of 14,351 shares changing hands.

Paladin Energy Trading Up 6.0%

The stock has a market cap of $2.38 billion, a P/E ratio of -49.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53. The stock’s fifty day moving average is $5.49 and its 200 day moving average is $5.00.

Paladin Energy (OTCMKTS:PALAF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.97 million during the quarter, compared to analyst estimates of $35.98 million. As a group, equities research analysts predict that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

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.