Paladin Energy (OTCMKTS:PALAF) Sets New 1-Year Low – What’s Next?

Shares of Paladin Energy Ltd (OTCMKTS:PALAF) reached a new 52-week low on Tuesday . The company 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group lowered Paladin Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 25th. Jefferies Financial Group cut Paladin Energy to a “hold” rating in a report on Wednesday, March 26th.

Paladin Energy Stock Down 1.7 %

The company’s 50 day simple moving average is $4.55 and its 200 day simple moving average is $5.55. The company has a quick ratio of 1.50, a current ratio of 4.02 and a debt-to-equity ratio of 0.34.

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.