Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Should You Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.30, but opened at $8.73. Paladin Energy shares last traded at $8.65, with a volume of 56,112 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Paladin Energy in a report on Wednesday, December 17th. They set a “neutral” rating and a $9.05 price target for the company. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.05.

Paladin Energy Price Performance

The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of -76.91 and a beta of 1.36. 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 company has a 50 day moving average price of $7.44 and a 200 day moving average price of $5.98.

Paladin Energy Company Profile

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.