Laramide Resources Ltd. (TSE:LAM – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as C$0.43 and last traded at C$0.44, with a volume of 398,716 shares. The stock had previously closed at C$0.46.
Laramide Resources Stock Down 6.5%
The firm has a 50 day moving average of C$0.58 and a 200-day moving average of C$0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.91. The stock has a market capitalization of C$125.89 million, a P/E ratio of -10.75 and a beta of 0.94.
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.
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