Laramide Resources (TSE:LAM) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Laramide Resources Ltd. (TSE:LAM)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.79 and traded as high as C$0.79. Laramide Resources shares last traded at C$0.76, with a volume of 160,900 shares traded.

Laramide Resources Stock Down 2.6%

The company has a quick ratio of 0.91, a current ratio of 3.00 and a debt-to-equity ratio of 1.01. The company has a 50-day simple moving average of C$0.79 and a two-hundred day simple moving average of C$0.66. The stock has a market cap of C$215.55 million, a P/E ratio of -38.00 and a beta of -0.37.

About Laramide Resources

Laramide Resources Ltd is a Canadian company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The company’s project includes Churchrock and ISR, New Mexico; La Sal, Utah; La Jara Mesa; Westmoreland, Australia, and Murphy Project.