Laramide Resources (TSE:LAM) Hits New 52-Week Low – Here’s What Happened

Laramide Resources Ltd. (TSE:LAM – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as C$0.48 and last traded at C$0.46, with a volume of 2333935 shares. The stock had previously closed at C$0.51.

Laramide Resources Trading Down 9.8%

The firm has a market capitalization of C$134.67 million, a PE ratio of -11.50 and a beta of 0.39. 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 company’s 50-day simple moving average is C$0.60 and its 200 day simple moving average is C$0.64.

Laramide Resources Company Profile

(Get Free Report)

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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