Paladin Energy (OTCMKTS:PALAF) Trading Down 7.9% – Here’s Why

Paladin Energy Ltd. (OTCMKTS:PALAF)’s stock price traded down 7.9% on Friday . The stock traded as low as $8.00 and last traded at $8.00. 28,346 shares changed hands during trading, a decline of 57% from the average session volume of 65,826 shares. The stock had previously closed at $8.69.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Paladin Energy from a “hold” rating to an “outperform” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group downgraded shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price objective on the stock. in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Paladin Energy currently has an average rating of “Hold” and a consensus target price of $9.70.

Paladin Energy Trading Down 7.4%

The firm has a market capitalization of $3.62 billion, a PE ratio of -161.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.69 and a quick ratio of 4.12. The company has a fifty day moving average of $7.01 and a 200-day moving average of $7.88.

Paladin Energy (OTCMKTS:PALAF) last issued its earnings results on Tuesday, August 25th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. Paladin Energy had a return on equity of 0.13% and a net margin of 0.45%.The company had revenue of $106.00 million for the quarter, compared to analyst estimates of $106.00 million. On average, sell-side analysts anticipate that Paladin Energy Ltd. will post 0.05 earnings per share for the current fiscal year.

About Paladin Energy

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.