Paladin Energy (OTCMKTS:PALAF) Reaches New 52-Week Low – Should You Sell?

Shares of Paladin Energy Ltd (OTCMKTS:PALAF) hit a new 52-week low during trading on Wednesday . The company traded as low as $3.46 and last traded at $3.51, with a volume of 168517 shares traded. The stock had previously closed at $3.96.

Wall Street Analyst Weigh In

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

Paladin Energy Price Performance

The stock has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $5.67. The company has a current ratio of 4.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34.

About Paladin Energy

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.