Laramide Resources (TSE:LAM) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Laramide Resources Ltd. (TSE:LAM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.67 and traded as low as C$0.62. Laramide Resources shares last traded at C$0.69, with a volume of 408,438 shares.

Laramide Resources Stock Performance

The company has a fifty day moving average of C$0.78 and a two-hundred day moving average of C$0.67. The firm has a market capitalization of C$195.72 million, a price-to-earnings ratio of -23.00 and a beta of -0.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.91 and a current ratio of 2.67.

Laramide Resources (TSE:LAM) last issued its quarterly earnings data on Thursday, March 19th. The company reported C($0.02) EPS for the quarter. As a group, equities research analysts predict that Laramide Resources Ltd. will post -0.03 earnings per share for the current fiscal year.

Laramide Resources Company Profile

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.