Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – What’s Next?

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped up before the market opened on Tuesday . The stock had previously closed at $8.30, but opened at $8.73. Paladin Energy shares last traded at $8.65, with a volume of 56,112 shares.

Wall Street Analysts Forecast Growth

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

Paladin Energy Trading Up 1.9%

The stock has a market cap of $3.80 billion, a P/E ratio of -76.91 and a beta of 1.36. The business’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $5.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53.

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.