Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – Time to Sell?

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped down before the market opened on Tuesday . The stock had previously closed at $6.48, but opened at $6.04. Paladin Energy shares last traded at $6.2690, with a volume of 16,117 shares traded.

Analyst Upgrades and Downgrades

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

Paladin Energy Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53. The firm has a fifty day moving average of $5.57 and a two-hundred day moving average of $5.19. The stock has a market capitalization of $2.84 billion, a P/E ratio of -52.67 and a beta of 1.53.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $35.97 million for the quarter, compared to analyst estimates of $35.98 million. On average, analysts predict that Paladin Energy Ltd. will post 0.06 EPS for the current year.

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.