Paladin Energy (OTCMKTS:PALAF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Paladin Energy Ltd (OTCMKTS:PALAFGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.85 and traded as low as $4.62. Paladin Energy shares last traded at $4.67, with a volume of 104,512 shares traded.

Paladin Energy Price Performance

The company has a current ratio of 4.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $5.85 and a 200 day moving average price of $7.02.

About Paladin Energy

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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.

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