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

Shares of Laramide Resources Ltd. (TSE:LAM) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Up 2.8%

The stock has a market capitalization of C$207.04 million, a price-to-earnings ratio of -36.50 and a beta of -0.37. The firm’s fifty day moving average is C$0.79 and its 200-day moving average is C$0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.00 and a quick ratio of 0.91.

Laramide Resources (TSE:LAM) last posted its quarterly earnings data on Thursday, March 19th. The company reported C($0.02) EPS for the quarter. On average, sell-side analysts predict that Laramide Resources Ltd. will post -0.03 earnings per share for the current year.

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.