Labrador Resources (CVE:LTX) Trading Up 7.9% – Still a Buy?

Labrador Resources Inc. (CVE:LTXGet Free Report)’s share price was up 7.9% during trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 30,500 shares traded hands during trading, an increase of 133% from the average daily volume of 13,069 shares. The stock had previously closed at C$0.19.

Labrador Resources Stock Up 7.9%

The business has a fifty day moving average of C$0.17 and a 200 day moving average of C$0.09. The company has a market capitalization of C$2.53 million, a PE ratio of -8.16 and a beta of 3.13. The company has a current ratio of 8.75, a quick ratio of 0.03 and a debt-to-equity ratio of 1,634.46.

About Labrador Resources

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Labrador Resources Inc operates as an oil and gas exploration company. It focuses on an oil and gas property located in Alberta. The company was formerly known as Labrador Technologies Inc and changed its name to Labrador Resources Inc in February 2023. The company was founded in 1981 and is based in Calgary, Canada.

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