Paladin Energy (OTCMKTS:PALAF) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Paladin Energy Ltd (OTCMKTS:PALAF)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.80 and traded as low as $3.94. Paladin Energy shares last traded at $3.96, with a volume of 104,610 shares traded.

Analyst Upgrades and Downgrades

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

Paladin Energy Trading Up 1.7 %

The business has a fifty day simple moving average of $4.74 and a two-hundred day simple moving average of $5.64. The company has a current ratio of 4.02, a quick ratio of 1.50 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.