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

Paladin Energy Ltd (OTCMKTS:PALAF)’s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

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 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 company has a 50-day moving average of $5.10 and a 200-day moving average of $6.15.

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.