Paladin Energy (OTCMKTS:PALAF) Shares Down 4.4% – Here’s Why

Paladin Energy Ltd. (OTCMKTS:PALAF) shares fell 4.4% on Friday . The stock traded as low as $7.51 and last traded at $7.8971. 40,782 shares were traded during trading, a decline of 69% from the average session volume of 133,015 shares. The stock had previously closed at $8.26.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Paladin Energy in a report on Wednesday, December 17th. They set a “neutral” rating and a $9.05 price target on the stock. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Paladin Energy currently has a consensus rating of “Hold” and an average price target of $9.05.

Paladin Energy Trading Down 3.1%

The company has a market capitalization of $3.59 billion, a P/E ratio of -66.67 and a beta of 1.36. The company has a 50-day simple moving average of $7.04 and a 200 day simple moving average of $5.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.97 million for the quarter, compared to the consensus estimate of $35.98 million. Sell-side analysts expect 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.