Paladin Energy (OTCMKTS:PALAF) Stock Passes Below Fifty Day Moving Average – What’s Next?

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 trading hands.

Wall Street Analysts Forecast Growth

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 business’s fifty day moving average is $4.80 and its 200-day moving average is $5.67.

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.