Paladin Energy (OTCMKTS:PALAF) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Paladin Energy Ltd (OTCMKTS:PALAF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.15 and traded as low as $5.15. Paladin Energy shares last traded at $5.26, with a volume of 88,792 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded Paladin Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 25th.

Paladin Energy Stock Performance

The company has a quick ratio of 1.50, a current ratio of 4.02 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $6.15.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.