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

Paladin Energy Ltd (OTCMKTS:PALAF) reached a new 52-week low on Wednesday . The company traded as low as $3.46 and last traded at $3.51, with a volume of 168517 shares trading hands. The stock had previously closed at $3.96.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PALAF. UBS Group lowered Paladin Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 25th. Jefferies Financial Group downgraded Paladin Energy to a “hold” rating in a research report on Wednesday.

Paladin Energy Stock 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 firm has a 50-day moving average of $4.74 and a 200-day moving average of $5.64.

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.