Laramide Resources (TSE:LAM) Shares Down 6.7% – Time to Sell?

Laramide Resources Ltd. (TSE:LAMGet Free Report)’s stock price traded down 6.7% on Tuesday . The stock traded as low as C$0.67 and last traded at C$0.70. 428,851 shares were traded during mid-day trading, an increase of 5% from the average session volume of 410,360 shares. The stock had previously closed at C$0.75.

Laramide Resources Trading Down 6.7%

The company’s fifty day simple moving average is C$0.59 and its two-hundred day simple moving average is C$0.59. The company has a market capitalization of C$198.53 million, a price-to-earnings ratio of -35.00 and a beta of -0.05. The company has a quick ratio of 0.91, a current ratio of 0.29 and a debt-to-equity ratio of 4.84.

Laramide Resources Company Profile

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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.

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