Paladin Energy (OTCMKTS:PALAF) Sees Strong Trading Volume – Still a Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares saw strong trading volume on Monday . 278,482 shares were traded during trading, an increase of 160% from the previous session’s volume of 106,914 shares.The stock last traded at $7.1035 and had previously closed at $7.09.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Paladin Energy in a report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price objective for the company. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.05.

Paladin Energy Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53. The stock has a market cap of $3.20 billion, a P/E ratio of -59.35 and a beta of 1.34. The stock has a 50-day simple moving average of $5.83 and a 200-day simple moving average of $5.34.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $35.97 million for the quarter, compared to the consensus estimate of $35.98 million. Research analysts forecast that Paladin Energy Ltd. will post 0.06 earnings per share for the current year.

About Paladin Energy

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.