Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Here’s What Happened

Paladin Energy Ltd. (OTCMKTS:PALAF) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.6250, but opened at $5.90. Paladin Energy shares last traded at $5.95, with a volume of 14,351 shares traded.

Paladin Energy Stock Up 6.0%

The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -49.67 and a beta of 1.53. The firm has a 50-day moving average of $5.49 and a 200 day moving average of $5.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53.

Paladin Energy (OTCMKTS:PALAF) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. As a group, sell-side analysts forecast that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.