Shares of Laramide Resources Ltd. (TSE:LAM – Get Free Report) were up 12.2% during trading on Tuesday. The company traded as high as C$0.48 and last traded at C$0.48. 423,430 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 425,725 shares. The stock had previously closed at C$0.43.
Laramide Resources Stock Down 6.4%
The firm has a market capitalization of C$139.79 million, a price-to-earnings ratio of -11.94 and a beta of 0.94. The company’s 50 day moving average price is C$0.56 and its 200 day moving average price 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.
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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