Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – Should You Sell?

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped down before the market opened on Monday . The stock had previously closed at $9.80, but opened at $9.12. Paladin Energy shares last traded at $9.45, with a volume of 12,091 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Paladin Energy in a report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price target for the company. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.05.

Paladin Energy Stock Performance

The firm has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $6.12. The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.22 billion, a PE ratio of -85.45 and a beta of 1.36.

Paladin Energy Company Profile

Paladin Energy Ltd is an Australia‐based company engaged in the exploration, development and production of uranium concentrate for the global nuclear power industry. Primarily known for mining uranium oxide (U3O8), Paladin supplies a key fuel source used by utilities to generate low-carbon electricity. The company’s securities are traded on the OTC Markets under the ticker PALAF, alongside listings on the Australian Securities Exchange and the Toronto Stock Exchange.

Paladin’s flagship operation is the Langer Heinrich mine in Namibia, which recommenced production in 2021 following a period of care and maintenance.