Laramide Resources Ltd. (TSE:LAM – Get Free Report)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as C$0.48 and last traded at C$0.46, with a volume of 2333935 shares trading hands. The stock had previously closed at C$0.51.
Laramide Resources Trading Up 4.3%
The firm has a market capitalization of C$140.52 million, a price-to-earnings ratio of -12.00 and a beta of 0.39. The business’s 50 day moving average price is C$0.60 and its 200-day moving average price is C$0.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.91.
Laramide Resources Company Profile
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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