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

Paladin Energy Ltd (OTCMKTS:PALAF)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.92 and traded as low as $4.06. Paladin Energy shares last traded at $4.33, with a volume of 291,464 shares traded.

Wall Street Analyst Weigh In

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

Paladin Energy Trading Up 5.7 %

The firm has a fifty day moving average of $4.92 and a 200-day moving average of $5.75. The company has a quick ratio of 1.50, a current ratio of 4.02 and a debt-to-equity ratio of 0.34.

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.