Laramide Resources (TSE:LAM) Stock Price Down 9.6% – Here’s Why

Laramide Resources Ltd. (TSE:LAM)’s stock price dropped 9.6% during trading on Monday . The company traded as low as C$0.66 and last traded at C$0.66. Approximately 210,525 shares changed hands during trading, a decline of 65% from the average daily volume of 603,060 shares. The stock had previously closed at C$0.73.

Laramide Resources Stock Down 11.0%

The company has a market cap of C$184.35 million, a P/E ratio of -32.50 and a beta of -0.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.67 and a quick ratio of 0.91. The company’s 50-day moving average is C$0.79 and its two-hundred day moving average is C$0.67.

Laramide Resources (TSE:LAM) last announced its quarterly earnings data on Thursday, March 19th. The company reported C($0.02) earnings per share for the quarter. As a group, equities analysts predict that Laramide Resources Ltd. will post -0.03 earnings per share for the current fiscal year.

About Laramide Resources

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.