Laramide Resources (TSE:LAM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Laramide Resources Ltd. (TSE:LAM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.70 and traded as low as C$0.67. Laramide Resources shares last traded at C$0.71, with a volume of 81,434 shares trading hands.

Laramide Resources Stock Up 6.0%

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 3.07. The stock has a market cap of C$201.57 million, a price-to-earnings ratio of -23.67 and a beta of -0.01. The firm’s 50-day simple moving average is C$0.71 and its two-hundred day simple moving average is C$0.70.

Laramide Resources (TSE:LAM) last posted its quarterly earnings data on Thursday, March 19th. The company reported C($0.02) earnings per share for the quarter. On average, sell-side analysts expect that Laramide Resources Ltd. will post -0.03 EPS for the current fiscal year.

About Laramide Resources

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company’s portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.