Paladin Energy (OTCMKTS:PALAF) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Paladin Energy Ltd (OTCMKTS:PALAF) crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

Analyst Ratings Changes

Separately, UBS Group cut 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 5.7 %

The business has a 50 day simple moving average of $4.92 and a 200 day simple moving average of $5.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.02 and a quick ratio of 1.50.

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.