Labrador Resources Inc. (CVE:LTX – Get Free Report)’s stock price shot up 7.9% on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. 30,500 shares changed hands during mid-day trading, an increase of 133% from the average session volume of 13,069 shares. The stock had previously closed at C$0.19.
Labrador Resources Price Performance
The firm has a 50 day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.10. The company has a debt-to-equity ratio of 1,634.46, a current ratio of 8.75 and a quick ratio of 0.03. The stock has a market cap of C$2.53 million, a price-to-earnings ratio of -8.16 and a beta of 3.13.
Labrador Resources Company Profile
Labrador Resources Inc operates as an oil and gas exploration company. It focuses on an oil and gas property located in Alberta. The company was formerly known as Labrador Technologies Inc and changed its name to Labrador Resources Inc in February 2023. The company was founded in 1981 and is based in Calgary, Canada.
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