Paladin Energy (OTCMKTS:PALAF) Trading Up 4.8% – Time to Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares were up 4.8% during trading on Wednesday . The stock traded as high as $6.66 and last traded at $6.49. Approximately 18,146 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 131,850 shares. The stock had previously closed at $6.1950.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Paladin Energy in a research note on Wednesday, December 17th. They set a “neutral” rating and a $9.05 price objective on the stock. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Paladin Energy presently has an average rating of “Hold” and an average target price of $9.05.

Paladin Energy Stock Up 1.7%

The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $5.63 and a 200-day moving average of $5.22. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -52.50 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last posted its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business 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 EPS 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.