Paladin Energy (OTCMKTS:PALAF) Hits New 12-Month Low – What’s Next?

Paladin Energy Ltd (OTCMKTS:PALAF) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.11 and last traded at $3.16, with a volume of 335335 shares trading hands. The stock had previously closed at $3.28.

Analysts Set New Price Targets

Several research analysts have recently commented on PALAF shares. Jefferies Financial Group downgraded Paladin Energy to a “hold” rating in a report on Wednesday, March 26th. 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 stock’s fifty day moving average is $4.65 and its 200 day moving average is $5.59.

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.