Labrador Resources Inc. (CVE:LTX – Get Free Report) shares shot up 83.3% during trading on Friday . The company traded as high as C$0.24 and last traded at C$0.22. 113,305 shares changed hands during mid-day trading, an increase of 572% from the average session volume of 16,849 shares. The stock had previously closed at C$0.12.
Labrador Resources Stock Performance
The company has a debt-to-equity ratio of 1,634.46, a quick ratio of 0.03 and a current ratio of 8.75. The stock’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.05. The company has a market capitalization of C$2.71 million, a P/E ratio of -11.00 and a beta of 3.49.
About Labrador Resources
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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