Laramide Resources (TSE:LAM) Stock Price Breaks Below 200-Day Moving Average – Here’s Why

Laramide Resources Ltd. (TSE:LAM – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$0.65 and traded as low as C$0.57. Laramide Resources shares last traded at C$0.60, with a volume of 124,459 shares changing hands.

Laramide Resources Stock Performance

The company’s 50 day simple moving average is C$0.60 and its 200-day simple moving average is C$0.65. The company has a quick ratio of 0.91, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. The firm has a market cap of C$166.87 million, a P/E ratio of -14.25 and a beta of 0.39.

Laramide Resources Company Profile

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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.

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