Laramide Resources (TSE:LAM) Shares Down 6.7% – What’s Next?

Shares of Laramide Resources Ltd. (TSE:LAM) were down 6.7% during mid-day trading on Tuesday . The company traded as low as C$0.67 and last traded at C$0.70. Approximately 428,851 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 410,360 shares. The stock had previously closed at C$0.75.

Laramide Resources Stock Up 8.2%

The firm has a 50 day simple moving average of C$0.60 and a two-hundred day simple moving average of C$0.59. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.91 and a current ratio of 0.29. The stock has a market cap of C$224.06 million, a P/E ratio of -39.50 and a beta of -0.05.

Laramide Resources Company Profile

Laramide Resources Ltd is a Canadian company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The company’s project includes Churchrock and ISR, New Mexico; La Sal, Utah; La Jara Mesa; Westmoreland, Australia, and Murphy Project.